The ever increasing confusion and talks making the rounds in the Indian telecom landscape around the Tata Teleservices and NTT DoCoMo deal has reached an endpoint with the cabinet giving a thmbs-up to the deal. With the approval, DoCoMo will not face problems acquiring its proposed 27% stake in Tata Tele.
Apart from this, the Japanese giant also got approval to acquire about 20% odd stake in Tata Tele Maharashtra. This approval has led to the deal being one of the biggest one’s witnessed by the industry.
We Say: The increasing interest being shown by foriegn majors in the Indian telcos goes to show how tempting the subcontinent is with respect to telecom investment. Let’s hope the moolah keeps pouring in!!