Sunday, 25 June 2017

Tata ordered to pay NTT DoCoMo $1.17bn for India stake

By Mary Lennighan, Total Telecom
Monday 27 June 16

Japanese operator announces arbitration court ruling but admits its battle to exit Tata Teleservices is not over yet.

NTT DoCoMo on Friday revealed that a U.K. arbitration court has ruled in its favour regarding its exit from the Indian mobile operator joint venture it shares with Tata Sons. The Japanese firm said the London Court of International Arbitration has ordered that Tata Sons pay it US$1.172 billion in damages for breach of the pair's shareholders agreement with regard to Tata Teleservices Ltd…

NTT DoCoMo on Friday revealed that a U.K. arbitration court has ruled in its favour regarding its exit from the Indian mobile operator joint venture it shares with Tata Sons. The Japanese firm said the London Court of International Arbitration has ordered that Tata Sons pay it US$1.172 billion in damages for breach of the pair's shareholders agreement with regard to Tata Teleservices Ltd…

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