Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / Tata to buy Docomo's stake in Tata Tele
  • Business

    Tata to buy Docomo's stake in Tata Tele

    Sripriya Yegneswaran
    Written by
    Sripriya Yegneswaran
    Mail
    Last updated on Jul 20, 2015, 07:06 pm
    Tata to buy Docomo's stake in Tata Tele
    Credits:
  • The Tata Group had made a proposal to buy-out NTT Docomo's shares for Rs 23.34 per share.

    RBI conceded to Tata's valuations for DoCoMo buy-out. The pre-agreed valuation of Rs 58 a share was turned down and it insisted on a fair-maket value.

    This spelled a lower valuation in the stake and a fractional value due to depreciated Yen valuations against Dollars for Docomo.

  • In this article
    Docomo begins operations Docomo devices Early Earthquake Alert The Tata-Docomo acquisition deal Docomo enters the Indian market With no new investors, Tata offers to buy-out Docomo Docomo files arbitration request in London Tata to buy Docomo's stake in Tata Tele
  • Aug 1991

    Docomo begins operations

    Docomo begins operations
  • NTT Docomo Inc. is a Japanese mobile-phone operator with phone, video phone, internet and mail services.

    Docomo emerged in 1991 from Nippon Telegraph and Telephone (NTT) and took over the mobile cellular operations.

    NTT Docomo created the W-CDMA technology and the mobile-i mode service. The giant was also a founding member of the Symbian Foundation.

  • Do you know?

    Docomo devices Early Earthquake Alert

  • In 2008, Docomo came-up with the "Area Mail Disaster Information Service" that broadcasted Early Earthquake Warnings. It had an unique ring-tone and the services were not charged.

  • 12 Nov 2008

    The Tata-Docomo acquisition deal

    The Tata-Docomo acquisition deal
  • NTT Docomo acquired a 26% stake in Tata Teleservices for $2.7 Billion. Docomo also made an open joint-tender offer with Tata Sons to buy-up 20% in a Tata Tele listed unit as per compliance.

    A commitment to get 50% of the acquisition price if Docomo exited within 5 years was also formulated.

    JP Morgan advised Docomo while Lazard advised Tata Teleservices.

  • 2009-2014

    Docomo enters the Indian market

    Docomo enters the Indian market
  • Docomo nominated three executives for Tata Tele's board of directors to enhance their values, and joint activities.

    It had also proposed an additional investment in Tata Tele, which was eying expansion and enhanced revenue in the Indian market.

    Docomo and Tata came-up with Tata Docomo, i-Channel and Docomics, a mobile manga service and 3G services.

  • 6 May 2014

    With no new investors, Tata offers to buy-out Docomo

    With no new investors, Tata offers to buy-out Docomo
  • Docomo proposed to exit the deal due to falling performance. Tata group accumulated funds to buy-out NTT Docomo's stake as it failed to find a new investor.

    This paved way for at least Rs 7250 crore payment, the half of Docomo's investment or a market-linked value.

    The deal was a dampener for new investors due to Tata Tele's negative net-worth and accumulated debts.

  • 6 Jan 2015

    Docomo files arbitration request in London

    Docomo files arbitration request in London
  • NTT DoCoMo filed arbitration request in London to find investor for its Tata Tele stake as Tata failed to meet the deadline on 3 December.

    Since the proposed "put option" scheme was incongruous with RBI norms, Tata looked for solutions. The group also assured that "divestment" was not a choice

    "Tata Sons will continue its endeavour to find an amicable solution," said a spokesperson.

  • 20 Jul 2015

    Tata to buy Docomo's stake in Tata Tele

    Tata to buy Docomo's stake in Tata Tele
    Credits:
  • The Tata Group had made a proposal to buy-out NTT Docomo's shares for Rs 23.34 per share.

    RBI conceded to Tata's valuations for DoCoMo buy-out. The pre-agreed valuation of Rs 58 a share was turned down and it insisted on a fair-maket value.

    This spelled a lower valuation in the stake and a fractional value due to depreciated Yen valuations against Dollars for Docomo.

Latest News
  • India vs England: Feats achieved by Axar Patel
    India vs England: Feats achieved by Axar Patel
    Sports
  • India vs England: India win Test series 3-1; key learnings
    India vs England: India win Test series 3-1; key learnings
    Sports
  • India win Test series against England, qualify for WTC final
    India win Test series against England, qualify for WTC final
    Sports
  • Delhi: Formation of separate board for 2,700 schools approved
    Delhi: Formation of separate board for 2,700 schools approved
    Delhi
  • 'Golden moment': Dinesh Trivedi, former Trinamool MP, joins BJP
    'Golden moment': Dinesh Trivedi, former Trinamool MP, joins BJP
    Politics
Trending Topics
Bharti Airtel Mukesh Ambani WhatsApp Reliance Jio OPPO Isha Ambani
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Twitter Indian Premier League Samsung Virat Kohli
Rohit Sharma Cricket News YouTube Hollywood News WhatsApp Bollywood News ISRO Yoga Honda Batman
Football News BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Royal Challengers Bangalore Toyota Fashion Tips Mercedes
James Anderson Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Marvel Comics Avengers Neha Kakkar Premier League
Big Bang Theory X-Men TATA Royal Enfield
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021