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Tata to buy stake in Deutsche Telekom unit

Business Materials 27 January 2008 19:50 (UTC +04:00)

(AFP)- 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 newsmagazine.

In a report in its upcoming issue on Monday, Focus 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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