A senior official informed ET that "the Tata Group has always taken care of its people, but very few will get absorbed in other group companies. It is unfair to saddle other Tata companies with employees of TTSL."
Only a select few, whose skills would be required in Tata's other firms, will be transferred. VRS for senior employees is also in the works.
Sadly, for the bulk of its employees, the choice would be to work until the notice period gets over or take the severance package offered by the firm.
Meanwhile, the top-tier of TTSL has met with Department of Telecommunications (DoT) officials to finalize the sale or surrender of their existing spectrum holdings, which they've been allocated by the government or acquired over the years.
Tata Teleservices began with landline operations and then moved to CDMA in 2002. It embraced GSM in 2008 and garnered Rs. 14,000 crore investment from NTT Docomo, who eventually exited the JV in 2014, citing losses.
Since then, the firm has tried to ally with other companies to keep itself afloat. However, none bore fruit due to its Rs. 30,000 crore debt burden.