• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

MUMBAI: Tata Power Company Ltd has entered into a `Business Transfer Agreement' with its wholly owned subsidiary, Tata Power Broadband Company Ltd (TPBC), for the transfer of its broadband business on a "going concern basis".

The move is subsequent to the approval received from shareholders by postal ballot, said a press release.

"The move to form a subsidiary is in line with the unique nature of the broadband business," said the release quoting Mr Rahul Chaudhry, CEO, Tata Power Broadband Company Ltd.

TPBC will continue to maintain focus on the Carrier's Carrier business and maintain its thrust in the wholesale broadband business, offering services to carriers, telecom service providers and bulk users of bandwith, the release said.

More Stories on : Diversification | Broadband

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Daewoo trucks in India by end of this fiscal: Tata Motors

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line