DoCoMo Gets Approval for India
DoCoMo Gets Approval for India

DoCoMo Gets Approval for India

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.