Economic Calendar

Wednesday, September 10, 2008

DoCoMo in talks to buy Tata Tele stake-sources

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TOKYO, Sept 10 (Reuters) - NTT DoCoMo Inc (9437.T: Quote, Profile, Research, Stock Buzz), Japan's biggest mobile phone operator, is in talks to buy a stake in India's Tata Teleservices in a deal that may exceed 100 billion yen ($933 million), company sources said.

DoCoMo is increasingly expanding its overseas presence as growth in the Japanese market slows.

The sources said DoCoMo's investment would likely only amount to a minority stake and it was unclear if the Japanese firm would clinch the deal as other carriers were keen to take a stake.

Tata Teleservices is part of the Tata Group conglomerate. (Reporting by Noriyuki Hirata, Nobuhiro Kubo and Emi Emoto, Writing by Sachi Izumi)




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