Tuesday, November 11, 2008

NTT DOCOMO to Acquire Stake in Tata Teleservices

NTT DOCOMO will acquire 26 percent of Tata Teleservices Limited (TTSL) for approximately 130.7 billion Indian rupees (US$2.7 billion). In addition, DOCOMO expects to make an open offer to acquire up to 20 percent of the outstanding common shares of Tata Teleservices (Maharashtra) Limited (TTML), a Tata telecommunications company, through a joint tender offer with Tata Sons .http://www.ntt.co.jphttp://www.tata.com

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