Japanese telecom major NTT DoCoMo could acquire a controlling stake in Tata Teleservices (TTSL) in which it has a 26% stake, if the latter is unable to meet some performance benchmarks, according to the shareholding agreement between the two, according to ET.

These benchmarks may account for the aggression with which TTSL, which operates GSM services under the brandname Tata DOCOMO, has been increasing its subscriber base and market share, said an industry source. GSM is the dominant technology standard underpinning mobile telephony in India.

The shareholders’ agreement gives DoCoMo the right to increase its stake in TTSL to 35% by March 2012 by infusing fresh equity at what document describes at fair market value, though without any premium to the valuation at that point in time.

Related posts:

1. DoCoMo Gets Approval for India
2. Tata Docomo to Launch 3G Services
3. DoCoMo to Acquire Stake in Tata
4. Tata DoCoMo Launch OneTouch Handset
5. Tata Docomo GPRS on Demand Packs

Some sage advise when entering new turf; Stop, Look and Listen.. it’s also good to secure a local guide. Japan is the cradle of mobile civilization – we have been dedicated to this space since 2001 – trust our archives here offer some useful material.

Domestic activities continue to set the pace, and sharp players are looking at global markets. We have hard-earned industry expertise and trusted network of contacts with access to advanced intell. and potential deal flow. Need a lift.. Ok, buckle-up!