Tata Tele To Infuse Rs 3,500 Cr Next Fiscal

Tata Teleservices (TTSL) is mulling to put in Rs 3,500 crore in the next fiscal for expanding services across the country. The CDMA-based operator will also separate its cellular towers into a separate unit, which could be sold at a later stage. TTSL has applied for licences in Jammu and Kashmir, Assam and the rest of the North East. The company has been adding over half a million users every month. Along with subsidiary Tata Teleservices Maharashtra, TTSL has nearly 16 million users in India.