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VSNL acquires Tata Power Company's broadband unit, Tata Power Broad Band

September 15, 2005

VSNL has acquired Tata Power Company's (TPC) broadband unit, Tata Power Broad Band (TPBB), for Rs 2.39 billion. The acquisition will make TPBB a wholly owned subsidiary of VSNL. TPBB, which was a wholly owned subsidiary of TPC prior to the buy, had invested in creating a 400 km long optic fibre network in Mumbai and Pune. It offers broadband services to telecom companies and bulk users of bandwidth.

 
 

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