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.