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Digital Subscriptions > Eastern Eye Newspaper > 1394 > India’s Tata settles $1bn long-running dispute with Japan’s NTT Docomo

India’s Tata settles $1bn long-running dispute with Japan’s NTT Docomo

INDIAN salt-to-steel conglomerate Tata said on Tuesday (28) it had reached agreement with NTT Docomo to pay the Japanese mobile carrier $1.18 billion to settle a long-running legal dispute.

Docomo paid $2.6 billion for a 26.5 per cent stake in Tata Teleservices in 2008, but triggered an option to sell it six years later after incurring losses and deciding to withdraw from India.

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About Eastern Eye Newspaper

Eastern Eye UK is Britain's only national English language weekly serving the entire Asian community in the UK. Established in 1989 Eastern Eye is a full colour tabloid with coverage of news, sport, entertainment and Bollywood news.It has become the best selling newspaper for Asians in the UK.

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