NTT DoCoMo Moves Into India, Buys a Piece of Tata

[qi:076] Japanese telecom giant NTT DoCoMo said today that it has acquired 26 percent of Tata Teleservices for $2.7 billion, which is actually higher than the valuation of the largest CDMA carrier in India, Reliance Communications. The premium is a sign that the Japanese covet the Indian market and, more importantly, the ethics of the Tata Group. Tata’s wireless and fixed wireless business is sold under the brand Tata Indicom. The new money will allow Tata to expand into offering GSM-based services and compete more effectively against the likes of Bharti Airtel and Reliance. A large number of international players have made a beeline to the Indian market in recent months, with DoCoMo being just the latest.