CDMA telecom operator Tata Teleservices announced on Wednesday the launch of its services in GSM platform in partnership with Japanese firm NTT DoCoMo and said will invest $2 billion by this fiscal to roll out operations across the country.
The service, which would be branded 'Tata-DoCoMo', would be commercially rolled out towards the end of this month in the southern region, followed by western and northern regions. NTT DoCoMo acquired 26 per cent stake in Tata Teleservices for $2.7 billion last year.
The company would be investing $2 billion in the operations, TTSL managing director Anil Sardana told reporters. This is $0.5 billion higher than its earlier earmarked investment of $1.5 billion.
Tata DoCoMo has received licences to operate GSM telecom services in 19 telecom circles and has also been allotted spectrum in 18 of these circles barring Assam, North East, Jammu and Kashmir and Delhi.
"We are eagerly awaiting spectrum for Delhi and with reports of defence releasing some radio waves, we hope to lay claim on the spectrum," Sardana said.
Asked whether, the Japaneses firm would increase its stake further in TTSL, Toshinari Kuneida, senior vice president, Global Business, NTT DoCoMo said the company has no plans to raise its stake in the Indian JV.
