DoCoMo clearing decks to exit India

Jul 02 2014, 08:07 IST
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Recognised impairment charge of Rs 3,433 crore on TTSL investment in FY13-FY14 Recognised impairment charge of Rs 3,433 crore on TTSL investment in FY13-FY14
SummaryRecognised impairment charge of Rs 3,433 crore on TTSL investment in FY13-FY14

annual report states.

The appointment of a new director by Docomo on TTSL’s board could be to facilitate discussions between the two companies, which are slated for later this month.

Another person familiar with the development said that while Docomo’s exit was imminent, it was unlikely to happen anytime soon since securing regulatory approvals would be a time-consuming process.

The Japanese telecom major decided to quit its joint venture in India with the Tatas, citing the uncertainties of the telecom sector in India.

“The spectrum administration in India was confusing,” said NTT Docomo's president Kaoru Kato, at a conference call with analysts in April, a copy of which had been reviewed by FE. “The licence we had (was repealed) and our spectrum was taken away.”

Kato had observed that in India, spectrum was awarded on a circle-by-circle basis and while TTSL had paid up for spectrum in a circle like Delhi, which has one of the highest data and voice traffic, it was yet to receive the spectrum.

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