Profit

Tata Tele finds new partner in DoCoMo

PUBLISHED ON: November 12, 2008 | Duration: 2 min, 39 sec

   
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Tata Teleservices has found a new partner in Japan's telecom biggie NTT DoCoMo, which has agreed to buy a 26 per cent stake in Tata Teleservices $2.7 billion (Rs 13,300 crore). Interestingly, DoCoMo has valued each subscriber of Tata Teleservices at $344, whereas Idea's subscribers were valued at around $100 during its stake sale.
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