Japan’s NTT DOCOMO to invest Rs.8 bn in Tata Teleservices
March 31st, 2011 - 7:03 pm ICT by IANSNew Delhi, March 31 (IANS) Japanese telecom giant NTT DOCOMO Thursday said that it will invest Rs.8 billion ($179 million) in Tata Teleservices (TTSL), in which the company holds a 26 percent stake, as part of its strategy to expand in India’s rapidly growing mobile market.
“Payment of one portion of the funds has been made so far, and the rest of the investment is scheduled to be completed in May,” a statement by the company said.
TTSL is expected to use the capital to expand the coverage as well as strengthen the quality of the third generation (3G) network which the operator launched in November 2010.
However, TTSL denied to comment on the issue.
The operator offers GSM mobile services under the Tata DOCOMO brand and CDMA services under the Tata Indicom brand.
- Tata Teleservices integrates all services under Tata DOCOMO - Oct 19, 2011
- Tata Teleservices applications received late: Mathur - Apr 16, 2012
- Tata Teleservices to invest $2 bn for GSM rollout (Second Lead) - Jun 10, 2009
- Tata Teleservices launches GSM service - Jun 10, 2009
- Tata Teleservices launches GSM service (Lead) - Jun 10, 2009
- Tata Tele crosses 77 million subscribers mark - Sep 13, 2010
- Tata Docomo launches 3G service in Punjab, Haryana - Nov 09, 2010
- Tata-Docomo plans research and development centre in India - Oct 08, 2009
- Tata Docomo completes south India rollout - Jul 16, 2009
- Tata Indicom launches Blackberry Bold 9650 for CDMA users - Oct 29, 2010
- Tata Teleservices to seek review of 2G decision - Feb 06, 2012
- Tata Teleservices launches GSM services in Maharashtra - Aug 06, 2009
- Tata Teleservices launches Games value-added services - Oct 01, 2010
- Tata Docomo launches 3G tariff packages - Nov 09, 2010
- Tata Teleservices to invest Rs.500 crore in Gujarat - Jan 18, 2011
Tags: bn, cdma, India, japan, japanese telecom, mobile market, mobile services, New Delhi, ntt docomo, percent stake, rs 8, tata indicom, tata teleservices, telecom giant, third generation, ttsl