Tata set to buy stake in Deutsche Telekom: Report
Tata plans to buy a stake in a high-tech unit of Germany's Deutsche Telekom which would see thousands of jobs outsourced, according to a report. India's growth story
By Agencies |
BERLIN: Indian conglomerate Tata plans to buy a stake in a high-tech unit of Germany's Deutsche Telekom which would see thousands of jobs outsourced, according to a report published in German weekly news magazine.
In a report in its upcoming issue, the news magazine said the Indian group -- specialising in high-tech, automobiles and steel -- was on the verge of acquiring the systems integration business of Deutsche Telekom unit T-Systems.
It said there were only a few final legal issues to resolve.
The Deutsche Telekom unit employs about 13,000 IT specialists. Focus said about half of those jobs would now be sent to India.
A Deutsche Telekom spokesman declined to comment.
In a report in its upcoming issue, the news magazine said the Indian group -- specialising in high-tech, automobiles and steel -- was on the verge of acquiring the systems integration business of Deutsche Telekom unit T-Systems.
It said there were only a few final legal issues to resolve.
The Deutsche Telekom unit employs about 13,000 IT specialists. Focus said about half of those jobs would now be sent to India.
A Deutsche Telekom spokesman declined to comment.
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