By Masaki Kondo/ Bloomberg
Tokyo: NTT DoCoMo Inc., Japan’s biggest mobile-phone company, revoked a license it gave to Hutchison Essar Ltd. last year to provide its i-mode Internet access service, after Vodafone Group Plc agreed to buy a controlling stake in the Indian operator.
Vodafone agreed in February to acquire a 67% stake in Hutchison Essar, India’s fourth-largest mobile-phone carrier, from Hutchison Telecommunications International Ltd. in Hong Kong. Vodafone received approval from India’s Foreign Investment Promotion Board for the $11.1 billion purchase in April.
“The business environment of Hutchison Essar has changed, which makes it difficult” for both companies to provide i-mode, DoCoMo said in an e-mailed statement on 7 May.