Japanese telecom giant NTT Docomo has invested Rs 784 crore into Tata Teleservices in return for fresh equity, reports Business Standard. The report states that Docomo made this investment in the last two years, as indicated by the company's annual report for 2011-12 (FY12), although it points out that there is no word in the annual report as to how much stake the company received in return for this investment. It stated that the Tata Tele spokesperson declined to comment on this development, while there was no response from the NTT Docomo spokesperson. Do note that we weren't able to find any reference to this investment in the annual report of Tata Tele (Maharashtra), which is a listed entity. So this means that Business Standard might have access to a private TTSL report. Besides the NTT Docomo investment, the report also adds that Tata Sons have invested Rs 1,593 crore into Tata Teleservices to increase their stake to 39.22% as of March 2012, from 37.92% in March 2011. However, we noticed that the Tata Sons continue to have 37.65% stake as of March 2012, as indicated by TTML's 2012 annual report. NTT Docomo Investment: Back in March 2009, NTT Docomo had acquired 26% stake in Tata Teleservices, after receiving the Government nod to buy 27.31% stake in TTSL for Rs 12,924 crores. The company had an option to increase the Tata Tele stake to 35% in March 2012, but it skipped the option citing the existing regulatory situation in the country, as…
- Indian Govt to come up with Search and Seizure Guidelines by December 14: Supreme Court December 6, 2023
- Uttar Pradesh Government begins process to use Drones to Monitor MNREGS Sites December 6, 2023
- Meta and IBM Forge ‘AI Alliance’ With 50 Members Focusing On Open Innovation in Artificial Intelligence December 6, 2023
- Delhi Govt notifies Motor Vehicle Aggregator and Delivery Service Provider Scheme 2023 December 6, 2023
- Post Office Bill 2023 passed in Rajya Sabha: Here are the major privacy concerns raised by MPs December 5, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...