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Thursday, July 19, 2018

DoCoMo completes Tata Tele stake buy

Tata Sons said it had completed sale of a 26 pct stake in Tata Tele to Japan's NTT DoCoMo.

Written by Reuters | New Delhi | Published: March 26, 2009 10:40:38 am

Tata Sons Ltd said on Thursday it had completed the sale of a 26 per cent stake in India’s No. 6 mobile telecom operator,Tata Teleservices Ltd,to Japan’s NTT DoCoMo.

The two firms had announced the $2.7 billion deal in November last year.

NTT DoCoMo is now preparing to buy 12 per cent in the Indian firm’s listed unit,Tata Teleservices (Maharashtra),through an open offer,it said in a statement.

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