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DoCoMo may up stake in TTSL, hopes return in 3 yrs

DoCoMo may up stake in TTSL, hopes return in 3 yrs

Rediff.com19 Aug 2009

In March this year, DoCoMo completed acquisition of 26 per cent in TTSL, in accordance with the agreement announced by the parties last November, for Rs 12,740 crore (Rs 127.4 billion). TTSL, which is predominantly a CDMA player, acquired GSM licence last year under the government's policy where an operator can launch both GSM and CDMA services under a single licence.