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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Mobile operator DoCoMo to buy stake in Tata AFP - 56 minutes ago TOKYO (AFP) - - Japan's NTT DoCoMo Inc. said Wednesday it would buy a 26 percent stake in Indian mobile telephone operator Tata Teleservices Ltd. for about 2.7 billion dollars. In addition, DoCoMo will buy up to 20 percent of the outstanding common shares of Tata Teleservices through a joint tender offer with Tata Sons, the Japanese company said in a statement. "As a result of the capital alliance, the partners expect to expand mobile communication operations in the fast-growing Indian mobile market, aiming to increase operating revenue and achieve steady business growth," it said. DoCoMo, Japan's top mobile operator, has been on the lookout for overseas acquisitions amid fierce competition between the top players in Japan's crowded mobile telephone market. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Kraft chocolate factory to close in RomaniaAP - 1 hour 21 minutes ago Bank of England: Inflation to fall below 2 pct.AP - 1 hour 16 minutes ago Hong Kong lawmakers debate Lehman probeAP - 1 hour 29 minutes ago Spain: Iberia profits plummetAP - 1 hour 32 minutes ago EU backs proposed Alitalia takeoverAP - 1 hour 43 minutes ago Enlarge Photo Mobile operator DoCoMo to buy stake in Tata Related Photos Slideshow Full Photo Coverage: Business & Economy Most Popular – Business Viewed Britney Spears's son hospitalized: statement Ancient 4,300-year-old pyramid discovered in Egypt US expands record bailout of insurance giant AIG Obama, Bush discuss world of challenges Swiss fear more pressure on bank secrecy after Obama victory View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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