Report: NTT DoCoMo to Buy Stake in Tata Teleservices
Japan's NTT DoCoMo is planning to buy a 25 percent stake in Indian telecommunications company Tata Telesystems, according to a...Martyn Williams, IDG News Service
Japan's NTT DoCoMo is planning to buy a 25 percent stake in Indian telecommunications company Tata Telesystems and will announce details later today, according to a report in Wednesday's Sankei newspaper.
For the stake NTT DoCoMo will pay approximately US$1.5 billion, said the newspaper, the newspaper said without naming a source.
NTT DoCoMo is Japan's largest cellular carrier and its 54 million subscribers give it a 51 percent share of the market. Two weeks ago it outlined a strategic growth plan that calls for an expansion of its revenue from international businesses and investments and alliances with carriers mainly in the Asia-Pacific region.
Tata Teleservices is a mobile telecom service provider in India. It has recently launched the Blackberry device in India after a long discussion with the government over security concerns because Blackberry messages are more difficult to intercept than those on conventional cellular messaging systems.