NTT DoCoMo bowing out of India, to sell stake in Tata

NTT DoCoMo, Japan’s largest wireless carrier, is divesting its stake in Tata DoCoMo, India’s 6th largest provider, with roughly 70 million customers, in the wake of significant losses for the fiscal year that ended in March.



The company currently owns 26% of Tata DoCoMo, with the remainder held by Tata Sons Limited, a large multi-industrial conglomerate. At the time of NTT’s investment in 2008, it spent about $2.7 billion. The idea was to bring class leading Japanese technology to the fray to give the venture an edge.



With that investment, Tata DoCoMo was created, launched service, ...



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