Hints and tips:
...When it comes to DoCoMo, it has taken big hits on stakes in AT&T, KPN, Three in the UK and Tata Teleservices in India....
...NTT DoCoMo, the largest mobile phone company in Japan, has struggled with its overseas ambitions having taken big hits on stakes in AT&T, KPN, Three in the UK and Tata Teleservices in India over the past...
...“If Airtel had not lapped [Tata Teleservices] up, Jio could have found a way to do so.”...
...This clears the way for the enforcement of the London ruling, which ordered Tata to buy out DoCoMo’s 26 per cent stake in Tata Teleservices for $1.2bn....
...Shares in Tata Teleservices (Maharashtra), in which unlisted Tata Teleservices holds 36.5 per cent, rose 19 per cent on Tuesday....
...The 2008 deal to buy 26 per cent of Tata Teleservices came as NTT DoCoMo was pursuing foreign expansion to make up for limited growth prospects in the Japanese market....
...NTT DoCoMo won the award in June at an arbitration hearing in London, which ruled that the Tata Sons holding company should have fulfilled a commitment to buy back DoCoMo’s stake in the struggling Tata Teleservices...
...The dispute arose after DoCoMo sought to invoke an agreement under which Tata Sons had agreed to buy out its 26 per cent stake in Tata Teleservices, the Indian conglomerate’s struggling telecom business....
...DoCoMo bought a stake in Tata Teleservices for $2.7bn in 2008, and signed a deal with Tata Sons under which the latter agreed to buy back the stake for at least half the purchase price, if performance targets...
...People close to the Tata conglomerate say that it is seeking to find a suitable merger partner for Tata Teleservices, in which Japan’s NTT DoCoMo holds a 26 per cent stake....
...In April 2014, with Tata Teleservices recording a run of steep losses, NTT Docomo decided to exit....
...Tata Teleservices is mostly privately owned, but reports in local media about the RBI’s likely move sent shares in its smaller listed division Tata Teleservices (Maharashtra) surging 20 per cent in Mumbai...
...Tata Teleservices is largely privately owned, but the news saw shares in its regional listed division Tata Teleservices (Maharashtra) close 12 per cent cent in Mumbai on Friday....
...Some of the advisers have valued Viom, a joint venture between Tata Teleservices and Srei Infrastructure, at between Rs220bn ($3.6bn) and Rs270bn....
...(Financial Times) “NTT Docomo plans to sell a stake in Tata Teleservices Ltd., according to a person with knowledge of the plans....
...As he looks to build overseas, Mr Kato says he is not discouraged by experiences in India, where DoCoMo spent Rs131bn ($2.7bn) to buy a 26 per cent stake in Tata Teleservices in 2007....
...That’s likely to provide little solace to Tata Teleservices, Idea and Loop Telecom, companies that would already have had trouble competing with the likes of market leaders Bharti Airtel and Vodafone in...
...Among the other telecoms companies affected were Russia’s Sistema, Loop Telecom, Tata Teleservices, a partner of Japan’s NTT DoCoMo, and Idea....
...Schincariol is not Japan Inc’s first brush with tough acquisitions....
...Whether the decision to quit was her own or imposed by Reliance Industries and Tata remains one of the many mysteries of India Inc....
...Last November’s acquisition of a 26 per cent stake in Tata Teleservices, India’s sixth-largest mobile operator, has faced criticism for being expensive without giving DoCoMo control....
...biggest provider by subscribers, Bharti Airtel, second-ranked Reliance Communications, third-ranked Vodafone Essar and smaller operators such as Unitech, which is partly owned by Norway’s Telenor, and Tata Teleservices...
...Last week, Japan’s NTT DoCoMo announced to pay $2.7bn for 26 per cent of Tata Teleservices. The deal comes after Norway’s Telenor and Etisalat of the United Arab Emirates made similar moves recently....
...“It depends on the value NTT can see in Tata Teleservices, but this deal looks optimistic based on our numbers,” said an analyst at IIFL, a Mumbai-based brokerage....
...Tata Teleservices (Maharashtra) itself is lossmaking and faces a big capital expenditure bill as it develops its GSM network....
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