Dr
J. J. Irani appointed chairman of Tata Teleservices
September
30, 2001
Mumbai
: Dr J. J. Irani has been appointed Chairman
of Tata Teleservices Ltd.
Mr
Adi Engineer, Managing Director of Tata Power,
has been inducted as a Director. Three members
of the Group Executive Office of Tata Group
Mr Kishor Chaukar, Mr R. Gopalakrishnan and Mr
Ishaat Hussain continue as members of the
Tata Teleservices board, as also Mr N. S. Ramachandran,
former Managing Director of MTNL. Mr S. Ramakrishnan
continues as Managing Director.
The appointment of Dr Irani as Chairman and the
expansion of the board signify the importance
the Tata Group attaches to Tata Teleservices.
The company is spearheading the group's foray
into telecom, one of the largest greenfield investments
undertaken by the group.
Tata
Teleservices, which is implementing the basic
telephone license in Andhra Pradesh, has signed
up licenses to provide telecom services in Delhi,
Gujarat, Karnataka and Tamil Nadu. The total investment
in these four states is estimated at Rs.3,500
crore. The company is also seeking licenses in
Maharashtra, Punjab, Haryana, Rajasthan and Kerala.
The
promoters of Tata Teleservices Ltd and Hughes
Tele.com (India) Ltd. are in discussions for
a possible combination of their operations in
the states of Andhra Pradesh and Maharashtra.
Tata
Teleservices, which started operations in March
1999, currently provides telecom services in Hyderabad,
Vishakhapatnam, Vijayawada and Guntur in Andhra
Pradesh. It plans to start services in six new
towns in this fiscal year. The company has a customer
base of 80,000 subscribers, expected to grow to
1,50,000 by March 31, 2002.
The
cumulative investment in Tata Teleservices till
date has been
Rs.1,200 crore. It plans to invest another Rs.500
crore during this fiscal. The company was the
first to launch limited mobility services, post-paid
Internet services and Centrex in the country.
It
recently expanded its wireless network to increase
coverage in the existing operating areas in Andhra
Pradesh and steps are being taken to upgrade the
wireless network to be 3G
(third generation) compatible.
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