Ratan Tata has long stood apart from other titans of Indian business. He doesn't mingle with cricketers or starlets, and he doesn't live in a 27-floor, $2 billion home like Mukesh Ambani, India's richest man. Tata has also for the most part remained aloof from the rough and tumble of Indian politics. But that changed in spectacular fashion last week when Tata engaged in an indignant public spat with a member of Parliament, trading allegations about whose company may or may not have unduly benefited during the 2008 allocation of the mobile-phone spectrum.
Rajeev Chandrasekhar, a member of India's upper house of Parliament and a former business rival, accused Tata in a Dec. 7 open letter of getting special treatment in the allocation of GSM spectrum, and then selling equity in Tata Teleservices to the Japanese company NTT Docomo for billions of dollars. Tata replied with a public missive of his own: "Your letter is based on untruths and distortion of facts, and I feel compelled to place the real facts as bluntly as I can before you," he wrote on Dec. 8. "I can hold my head high and say that neither the Tata Group nor I have at any time been involved in any of these misdeeds." (See a photographic history of the cell phone.)
Read more: http://www.time.com/time/world/article/0,8599,2036867,00.html#ixzz188vKKCvn
Rajeev Chandrasekhar, a member of India's upper house of Parliament and a former business rival, accused Tata in a Dec. 7 open letter of getting special treatment in the allocation of GSM spectrum, and then selling equity in Tata Teleservices to the Japanese company NTT Docomo for billions of dollars. Tata replied with a public missive of his own: "Your letter is based on untruths and distortion of facts, and I feel compelled to place the real facts as bluntly as I can before you," he wrote on Dec. 8. "I can hold my head high and say that neither the Tata Group nor I have at any time been involved in any of these misdeeds." (See a photographic history of the cell phone.)
Read more: http://www.time.com/time/world/article/0,8599,2036867,00.html#ixzz188vKKCvn
war of words in Telecom scene.
No comments:
Post a Comment