Tata to buy stake in Deutsche Telekom unit
(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.