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Tatas to buy stake in Deutsche Telekom unit

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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 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.

 

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First Published: Jan 27 2008 | 10:01 PM IST

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