Sophie Knight

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NTT DoCoMo to sell Tata Teleservices stake if targets not achieved

NTT DoCoMo to sell Tata Teleservices stake if targets not achieved

Rediff.com25 Apr 2014

The sale price would be 72.5 billion rupees ($1.19 billion) -- the equivalent to half of the original acquisition price -- or a 'fair market price', whichever was higher, as agreed when DoCoMo made the initial investment in 2009, Japan's top mobile phone services operator said in a statement.