TPG Global led consortium bids $1 bn for Tata Tele assets
Investment firm TPG Global led consortium has placed bid of about $1 billion for optical fibre assets of Tata Teleservices (TTSL), according to reports. The fibre business of TTSL includes an optical transmission network spanning 113,000 kilometres in the country. Earlier, Airtel agreed to a merger with consumer mobile business of Tata Teleservices, which has debt of around â¹40,000 crore.