NTT DoCoMo to Invest 14.6 Billion Yen in Tata Teleservices
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NTT DoCoMo Inc., Japan’s largest mobile-phone operator, will invest 14.6 billion yen ($176 million) in Tata Teleservices Ltd. as part of a rights offering by the Indian partner.
The purchase will allow DoCoMo to maintain its 26 percent stake in the closely held Indian company, the Tokyo-based phone carrier said in a statement today. Part of the payment has already been completed and the remainder will be made in May, the company said.