Avaya to Purchase Tata Group's Shares of Tata Telecom.

Avaya announced an agreement with the Tata Group to acquire its shares of Tata Telecom Ltd., a leading communication solutions provider in India, for US$18 million. These shares represent approximately 25% of the voting equity share capital of Tata Telecom, which is based in New Delhi.


Tata Telecom is a joint venture between Avaya and the Tata Group. It offers end-to-end convergent business solutions for enterprises, and solutions for technology intensive applications such as distance learning and tele-medicine. The company has an extensive distribution network, comprising over 50 systems integrators, channel partners and dealers.


The Tata Group's decision is in line with its overall strategy to focus on the telecom services business, while Tata Telecom would build on the business of providing converged communications solutions to enterprises. http://www.avaya.com