TPG-backed consortium said to bid $1b for Tata Group's fiber arm

TPG-backed consortium said to bid $1b for Tata Group's fiber arm

Pedestrians use smartphones at the Nehru Place IT Market in New Delhi, India. Photographer: Sanjit Das/Bloomberg

A management consortium backed by TPG Capital has bid for a fiber telecommunications network controlled by India’s Tata Group, people with knowledge of the matter said.

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