Japan’s DoCoMo to acquire 26 percent in Tata Teleservices
Thursday, November 13th, 2008Leading Japanese mobile telecom operator NTT DoCoMo will pick up a 26-percent stake in Tata Teleservices for $2.7 billion (Rs.13,070 crore or Rs.130.7 billion), it was announced Wednesday.This deal takes Tata Teleservices’ valuation to around $10.38 billion.
DoCoMo will also make an open offer to acquire at least 20 percent of the outstanding equity shares of […]