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Japan’s NTT Docomo Yet To Sell Stake In Tata Tele, Deadline Expires

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NTT Docomo is yet to sell its 26.5% stake in Tata Teleservices, its telecom joint venture with Tata Group, the Japanese company said, two days after the expiry of a June-end deadline that Japan’s No. 1 carrier had set for exercising its option to exit the Indian mobile phone operator.

“We have not yet exercised our option for sale of Tata stake. We will make an announcement after the transaction is concluded,” Hiroko Shimoyama, a spokeswoman for NTT Docomo, said in response to queries from ET. Original post by Gulveen Aulakh/The Economic Times

Wahengbam Rorrkychand

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