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February 23, 2009

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.

Related posts:

  1. DoCoMo to Acquire Stake in Tata
  2. Mobile Manga from Japan to India
  3. KDDI Hits India, Attacks Viruses
  4. Tata Docomo to Launch 3G Services
  5. TTSL May Lose Control to DoCoMo

previous post: NEC Announces Global Deal with IQ :: next post: Japanese Kids Mobile Usage Survey

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