Tuesday, 20 November 2018

Tata completes €1.1bn NTT DoCoMo payoff

By Nick Wood, Total Telecom
Wednesday 01 November 17

Japanese operator transfers Tata Teleservices shares to ex-India partner; raises full-year forecast

NTT DoCoMo on Tuesday confirmed it has received a ¥144.9 billion (€1.09 billion) damages payment from Tata related to their Indian joint venture, Tata Teleservices Limited (TTSL). In return, the Japanese telco said it has transferred its shares in the venture, which offers services under the Tata DoCoMo brand…

NTT DoCoMo on Tuesday confirmed it has received a ¥144.9 billion (€1.09 billion) damages payment from Tata related to their Indian joint venture, Tata Teleservices Limited (TTSL). In return, the Japanese telco said it has transferred its shares in the venture, which offers services under the Tata DoCoMo brand…

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