Wednesday, March 30, 2011

NTT DOCOMO Boosts Investment in India's Tata Teleservices

NTT DOCOMO will make an additional investment in Tata Teleservices Limited (TTSL) as part of its strategy to expand its business presence and revenue sources in India's rapidly growing mobile market.



DOCOMO plans to newly invest approximately 8 billion Indian rupees, or about 14.6 billion yen (1 rupee = 1.83 yen as of Feb. 28, 2011) based on its current 26% stake in TTSL. Payment of one portion of the funds has been made so far, and the rest of the investment is scheduled to be completed in May.



TTSL is expected to use the capital to expand the coverage as well as strengthen the quality of the 3G network it launched in November 2010, responding to increasing market competition for new customers.http://www.ntt.co.jp

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