NTT DOCOMO goes on the market of India
Today, the Japanese operator NTT DOCOMO announced the signing of an agreement with Indian companies, Tata Teleservices Limited (TTSL) and Tata Sons Limited to establish a strategic alliance in India, under which DOCOMO acquired 26 percent ordinary shares of TTSL worth about 130.7 billion Indian rupees (US $ 2,7 billion).
In addition, DOCOMO, in accordance with the regulations of the Indian Commission of Securities, plans to make a public proposal to acquire 20 per cent of ordinary shares issued recourse, the company Tata Teleservices (Maharashtra) Limited (TTML), a telecommunications company in the group companies Tata, through a joint tender with Tata Sons.
As a result of the capital, the partners hope to expand the processes associated with mobile communications, the fastest growing mobile market of India, aiming to increase earnings and achieve stable growth businesses.
In addition, DOCOMO, in accordance with the regulations of the Indian Commission of Securities, plans to make a public proposal to acquire 20 per cent of ordinary shares issued recourse, the company Tata Teleservices (Maharashtra) Limited (TTML), a telecommunications company in the group companies Tata, through a joint tender with Tata Sons.
As a result of the capital, the partners hope to expand the processes associated with mobile communications, the fastest growing mobile market of India, aiming to increase earnings and achieve stable growth businesses.
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