In a bid to tap the potential of the broadband market, the Tata Group is looking at a broadband company for a possible acquisition and the deal is likely to be concluded in a month or two.
"Tata Group is looking at a broadband company, which has 30,000 broadband customers and 1,50,000 ISP customers. There is no reason why it should not happen in a month or two," a Tata official said.
The official said that the due-diligence was currently underway.
"It is a good company and there will be a technical, financial and legal due-diligence," the official said, and added: "I cannot say at this point whether it will be a company purchase or an asset purchase or any other model."