Tatas eyeing Deutsche Telekom's German IT unit

In line with its strategy of global expansion through acquisitions, corporate giant Tatas are reported to be in advanced stages of talks for buying the IT business unit of German telecom giant Deutsche Telekom.

According to a report by German business weekly Focus Online, the Tata Group is currently studying the books of Deutsche Telekom's T-Systems unit. The Tatas are planning this deal through the European unit of Tata Consultancy Services.

T-Systems is one of the smallest units of Deutsche Telekom. It had reported a revenue of 12.5 billion euro (about Rs 73,000 crore) last year and has a total workforce of over 55,000 people.

When contacted, a TCS spokesperson in Mumbai said the report was completely speculative and the company did not comment on speculations.