Tata Tele sells 9.9% stake to Temasek

In a major telecom deal, Tata Group sold 9.9 per cent equity in its privately held company Tata Teleservices to Singapore telecom giant Temasek Holding, presumably for about Rs 1,500 crore (Rs 15 billion).

When

contacted, a Tata spokesperson confirmed the deal, but declined to give the financial details.