NTT DoCoMo is to increase its investment in India’s Tata Teleservices Liminted (TTSL). TTSL is looking to raise up to $670m in a stock sell-off to fund network expansion in India, including a 3G wireless network, which was launched in November last year.
Indian carrier Tata Teleservices (TTSL) is to launch a GSM service this month under the brand of Japanese carrier NTT DoCoMo, which holds a 26 per cent stake in TTSL.
Japanese operator NTT DoCoMo struck a deal Wednesday to acquire 26 per cent of India’s sixth largest cellco, Tata Teleservices, for $2.7bn. In addition, DoCoMo said it also expects to make a further offer for up to 20 per cent of the outstanding common shares of Tata Teleservices Maharashtra. The move will give DoCoMo, which [...]
The big rumour doing the rounds on Friday is that Virgin Mobile is set to enter the burgeoning Indian mobile market via a 50-50 partnership with local operator, Tata TeleServices. Tata is India’s sixth largest mobile operator with 12 million subscribers at the end of April. The operator runs a CDMA network, a technology Virgin [...]
Virgin mobile is preparing to enter the Indian market in a joint venture with Tata Teleservices, according to reports Wednesday, in the UK’s Times newspaper. Ratan Tata, Tata’s group chairman, is believed to have had talks with Virgin chief, Richard Branson about the proposals. It is understood the pair have spoken about Virgin becoming an [...]
According to local reports, Virgin is looking to launch its mobile brand in India. The Times of India said Monday that Virgin was in talks with Tata Teleservices there. The paper cited a source “familiar” with the deal but did not name sources. According to the report, if Virgin is successful, it could launch products [...]