NTT Docomo To Stay Invested In Tata Tele

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The Tata group and its Japanese partner, NTT Docomo, are learnt to be finalising modalities under which the latter will stay invested in Tata Teleservices Ltd (TTSL) and the two will put together a two-three-year business plan for the telecom joint venture.

NTT Docomo had the option of invoking a ‘put option’ and selling its 26 per cent stake in TTSL to the Tatas this year. And, there were rumours that Docomo could be planning to pull out of the JV and Tatas looking to bring in a new partner, which might even get a majority control in the venture. Original Post at Business Standard

Wahengbam Rorrkychand

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Website: http://www.blog.tonsetelecom.com

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