DoCoMo negotiates Tata Tele stake

Japana's top carrier DoCoMo is in talks to buy a stake in India's Tata Teleservices in a deal that may exceed 100 billion yen €666.1 million (US$930 million) , a Reuters report said.

The Reuters report said the news boosted shares in a unit of Tata Teleservices by as much as 5.1% in a weak Mumbai market.

DoCoMo is increasingly expanding its overseas presence as growth in the Japanese market slows. The Tata deal would follow its €250.7 million (US$350 million) investment in Bangladesh's number three cellphone carrier TM International.

The sources said DoCoMo's investment would likely only amount to a minority stake and it was unclear if the Japanese firm would clinch the deal as other carriers were keen to take a stake in sixth-largest player Tata Teleservices, part of the Tata Group conglomerate.

A spokesman for Tata Teleservices in New Delhi declined to comment on the matter.

India, with nearly 300 million mobile users, is the second-largest wireless market in the world after China, and still has the potential for further huge growth as just over a quarter of its billion-plus population use cellphones now.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.