NTT Docomo to exit India, sell entire stake in Tata Teleservices by June 2014

Tata DOCOMO

NTT DOCOMO, popular mobile solutions provider has just announced that it plans to sell the company’s entire 26.5% stake in Tata Teleservices Limited (TTSL). It entered India by investing in TTSL in March 2009. It invested 252.3 billion yen or about Rs. 13,000 crore in Tata Teleservices in March 2009 and 14.4 billion yen or Rs. 800 crore in May 2011.

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