April 25, 2024
Mobile & Internet
India’s Tata to set up new telecom unit in Korea: report
[THE INVESTOR] India’s largest conglomerate Tata Group plans to set up its new telecom unit in South Korea, including its own data center, in the coming months, Chosun Biz reported on Jan. 11
The report said Tata is likely to eye the burgeoning connected car business here as one of its new growth engine businesses.
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Citing unnamed sources, the report said Tata is setting up the Korean branch, tentatively called Tata Teleservice, within the month to get a business license by March.
Tata, based in Mumbai, owns some 30 affiliates whose business portfolio ranges from steel, cars and chemicals to telecom and electronics. The group also owns the truck maker Tata Daewoo Commercial Vehicle in Korea.
The report added Tata is in talks with Korean telecom carriers KT and LG Uplus for partnership possibly on connected car solutions that would pave the way for the ultimate self-driving cars.
By Lee Ji-yoon (jylee@heraldcorp.com)
