There is bad news for people using Tata Docomo's SIM because soon Docomo history is going to be made. Tata has started to stop its te...
There is bad news for people using Tata Docomo's SIM because soon Docomo history is going to be made. Tata has started to stop its telecommunications service. Tata Group has informed the Indian government and DOT that it is going to close its Tata DoCoMo TeleServices soon. According to the information, the permanent services of Tata Docomo will be discontinued from next week.
Tata Group is going to shut down a company for the first time in its 149-year business career. Let Tatas know that Tata Group started with landline operation in the year 1996 in the Tata group. At the same time, the company launched CDMA operation in 2002. The employees of the company say that the telecom service is being run in losses for a long time. After this, after failing to sell the unit, Chairman N Chandrasekaran has now decided to close down the business.
According to media reports, the group has a debt of ₹34,000 crore on this company. At the same time, lending institutions are also pressurizing to collect the amount. It is believed that this is the first time a group company is stuck in such a crisis. Let me tell you that the company was in talks with Airtel and Reliance Jio recently, but the end is unchanged. There are currently 4.5 million subscribers of Tata Teleservices.
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