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  • DoCoMo Gets Approval for India

    According to Reuters, India has approved the offer made by DoCoMo in Novemeber 2008 to acquire a 27.3 percent stake in the country’s sixth-largest mobile operator Tata Teleservices on Monday. The deal will result in foreign direct investment of 129.24 billion rupees ($2.6 billion) and the decision also allowed DoCoMo to acquire up to 20.25 percent in Tata Tele’s listed unit Tata Teleservices.

    DoCoMo had made a play for Indian mobile operator Hutchison Essar Ltd. in 2007 but was scooped by Vodafone at that time. Ding-Ding — Round 2.

    Posted: 23 February 2009 | Filed: Asia Pacific Market, Carriers | Feedback | Print |
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