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Tata Teleservices To Shut Down Operations In Three Circles By Jan 2013

Tata Teleservices (TTSL) will be winding up its operations in Jammu and Kashmir, North-East and the Assam regions from January 18, 2013, reports PTI (via Moneycontrol.com). The report states that Tata Teleservices no longer has the spectrum to operate in these three circles, due to which it is shutting down its operations in these regions. It also added that the company has started taking necessary measures for affected employees, customers and business partners in these circles and will elaborate on these measures in the forthcoming future. A similar Economic Times report however suggests that the company is laying off around 120 employees in Jammu & Kashmir after three months and providing relocation option to some of its employees. The report also suggested that the company is currently in talks with its business partners and employees, and plans to elaborate on the company's…

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