The sale price would be 72.5 billion rupees ($1.19 billion) -- the equivalent to half of the original acquisition price -- or a 'fair market price', whichever was higher, as agreed when DoCoMo made the initial investment in 2009, Japan's top mobile phone services operator said in a statement.
Tata Sons Ltd, the holding company of the $150 billion Tata group, may be forced to infuse fresh capital into its loss-making telecom arm, Tata Teleservices Ltd (TTSL). This is because TTSL has to pay Rs 19,256 crore adjusted gross revenue (AGR) along with other dues to the central government by March 2026.
DoCoMo said it is uncertain whether Tata Sons will pay the awarded damages.
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.
The annual report also mentions Tata Sons is obligated to buy the stake at the higher end of fair value or 50 per cent of the subscription purchase price.
The company plans to leverage its tie-up with NTT DoComo to offer many value-added services.
However, survey by Japanese firm shows India as most preferred Asian market for Japanese investors.
The parties have jointly applied to the Delhi high court, requesting that it accept their agreed terms of settlement, subject to such further orders as the court sees fit, it said.
DoCoMo's exit from Tata Teleservices highlights the struggle of smaller operators even as the outlook improves for bigger players.
Will give up extra airwaves in 15 service areas but will retain 3.75 megahertz in the Delhi and Mumbai.
The Asia-Pacific Mobile Alliance plans to promote voice, video and data via members' GSM/GPRS and W-CDMA networks.
Global telecom industry body the GSM Association on Thursday said it has decided to cancel the 2020 edition of the sector's largest event Mobile World Congress due to health safety concerns around novel coronavirus outbreak.
Tata Teleservices (Maharashtra) on Friday said Japanese telecom major NTT DoCoMo's open offer for a 20 per cent stake in the company has been deferred following a delay in approval from market regulator Securities and Exchange Board of India.
Days after NTT DoCoMo of Japan announced that it will buy 26 per cent in Tata Teleservices for $2.7 billion, NRI businessman C Sivasankaran has decided to put on the block his eight per cent stake in the company.
The Rs 6,700-crore (Rs 67 billion) deal likely in a fortnight. News of the likely transaction first broke a few weeks ago. Investment banking sources now suggest that the deal will be announced in a fortnight, if not earlier. A Tata Teleservices spokesperson refused to comment, saying: "As a policy in the Tata group, we do not comment on speculative queries."
As Tata and DoCoMo look for out-of-court settlement, here's a blow-by-blow account of the long legal tussle
Docomo is looking to expand its reach beyond Japan and sees India and Africa as key emerging markets.
The issue will now have to be resolved through arbitration.
This week's collection of unbelievably unusual images from across the world.
The total valuation of Tata Teleservices, according to the valuer, was only Rs 11,000 crore (Rs 110 billion), against the pre-agreed valuation of Rs 27,000 crore (Rs 270 billion).
In the broader market, the BSE Smallcap and BSE Midcap index gained 0.1% and 0.4%, respectively
Tata, 78, who retired as Tata Group Chairman nearly four years back, justified his return for "maintaining stability and continuity of leadership" and promised to give the group "a world-class leader" when a fulltime boss is appointed.
What could be the reason for this swift change in less than four years of Mistry taking charge? People in the know said it was building up. The latest trigger was Tata Power's acquisition of Welspun Renewables' solar and power assets
The market breadth, indicating the overall health of the market, turned negative from positive
Docomo has now moved the London Court of Arbitration.
Among the businesses that need consolidation are retail and defence
Bhargavi Zaveri & Radhika Pandey explains how complexities of foreign exchange rules are used by India Inc to dispute contractual obligations.
India is failing to take advantage of its important ally, Japan as much as it should, notes Mihir S Sharma.
The London Commercial court has granted Tata Sons a period of 23 days, starting July 27th 2016, to apply to set aside the exparte order
Siva group defaulted on payment in 2016 and is also facing CBI investigation
Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis
80% of incremental enterprise investment to be in digital technologies by 2020.
Tatas may look at selling part of its stake in couple of investments
Indian Hotels, Tata Steel, Tata Teleservices, Tata Motors, Tata Power need some immediate attention of the Tata Group chairman
Provisioning for bad investments, finance costs shoot up in FY14.
The company needs Rs 2,000 crore more in 2 years to repay debt.
Experts view this as a case of "failed experiment" in succession
'When the phone's battery is running out, it will make a charming statement like "I'm feeling a little low. Please recharge me".'
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances