Japan's largest mobile operator NTT DoCoMo is the latest entrant to Indian mobile market by buying a 26% stake in Tata Teleservices for a whopping 2.7 billion $. This deal pegs the valuation of Tata Tele over 10 billion $. Currently the userbase of Tata Teleservices is pegged at 30 million subscribers.
This is the third deal of an international telecom company entering India with a stake in an Indian company. Earlier UAE's Etisalat bought 45% stake in Swan Tele for 900 million $ while 60% stake in Unitech Wireless (which had a telecom license across India) was acquired by Norway's Telenor for 1.27 billion $.
DoCoMo is known for its VAS revenue in Japanese markets and its innovations with technology and content services when it comes to mobile. It remains to be seen whether with the advent of 3G and this acquisition there is any impact on the mobile VAS market. Keep in mind that Tata Tele is a CDMA player and CDMA players would be technologically ahead of GSM players in terms of time required to roll out 3G services as their existing network can support 3G.
Source : www.watblog.com
Read the press release article here
Anonymous
24 November 2008 at 17:43
When will Airtel launch in Sri Lanka?
Akila
24 November 2008 at 21:18
It is said that Airtel will be launched in Mid-December.
Check the following link for more info.
sundaytimes.lk
Akila
14 January 2009 at 14:04
Finally it's launched