Tata’s controlled VSNL is planning to launch fixed line telecom services in South Africa reports PTI. Tata’s already own 26% stake in South African telco, SNO. It is hard to understand why Tata’s are in such a hurry to expand in South Africa when their is tremendous growth potential in the Indian Market, where they are far behind Bharti Telecom, Reliance Infocom and BSNL. Tata’s are well known to legally launder money from group companies. Only a microscopic view of Tata group balance sheet will expose which company is at loss for Tata’s expansion in South Africa. No Offence.
2006-04-21