DoCoMo to Acquire Stake in Tata
According to this post on Bloomberg a few hours ago, DoCoMo is preparing to announce they will take a stake in Tata Teleservices. A company official, who asked not to be identified, is quoted as stating “The board approved the investment today” but declined to provide the size of investment, which the Nikkei Net Interactive site reported at 260 billion yen ($2.7 billion) for a 26 percent stake. If this happens – which seems quite possible – it would represent their largest overseas investment since the AT&T adventure back in 2000. This could be rather interesting 😎 Update: It’s Official