NTT DoCoMo wants to unload its investment in India’s seventh-largest cellular carrier, Tata Teleservices, in a retreat from India’s challenging market. Japan’s largest mobile telecommunications firm by subscribers said it wants to sell the entire 26.5 percent stake acquired in 2009, citing a range of negative factors. The Japanese company has yet to find a potential buyer, but it has decided to exercise its option to sell the stake if TTSL didn’t meet performance targets in the fiscal year to March 31, 2014.
NTT DoCoMo to leave India due to challenging market
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