NTT DoCoMo completes Tata Tele stake buy

NTT DoCoMo completes Tata Tele stake buy
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First Published: Thu, Mar 26 2009. 10 51 AM IST
Updated: Thu, Mar 26 2009. 10 51 AM IST
New Delhi: Tata Sons Ltd said on Thursday it had completed the sale of a 26% stake in India’s No. 6 mobile telecom operator, Tata Teleservices Ltd, to Japan’s NTT DoCoMo.
The two firms had announced the $2.7 billion deal in November last year.
NTT DoCoMo is now preparing to buy 12% in the Indian firm’s listed unit, Tata Teleservices (Maharashtra) Ltd, through an open offer, it said in a statement.
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First Published: Thu, Mar 26 2009. 10 51 AM IST