TITLE

NTT Docomo's Indian Connection

AUTHOR(S)
Dreyfuss, Joel
PUB. DATE
November 2008
SOURCE
Red Herring;11/12/2008, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on a strategic alliance formed by Japanese mobile operator NTT Docomo with Tata Teleservices, the telecommunications division of India's largest company. Under the deal, NTT Docomo will acquire 26 percent of Tata Teleservices for $2.7 billion. Docomo will also join Tata Sons, primary owner of the telecom unit in making a tender offer for 20 percent of the unit's shares. The deal is Docomo's largest in eight years and reflects the attraction of a telecom market that adds 9 million new users each month.
ACCESSION #
36586155

 

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