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New Delhi, November 12:: with a penetration level of about 85 per cent in Japan.
DoCoMo will face tough competition though, as foreign firms such as Telenor, Etisalat and Sistema are gearing up to start services in India, where currently home-grown Bharti Airtel and Reliance Communications dominate along with a Vodafone unit.
Carriers in India at the moment provide only 2G services. A global auction of radio waves for 3G and 4G wireless services, which provide more advanced mobile services including video, is due in January.
Foreign firms can buy up to 74 per cent in Indian telcos, but Tata Group normally holds majority stakes in all its core businesses.
DOCOMO EXPANDS, TATA PAUSES
The DoCoMo deal comes a day after Japanese chemical maker Mitsubishi Rayon announced a $1.6 billion acquisition of British rival Lucite International. Earlier this year No.3 drug maker Daiichi Sankyo forged a $4.6 billion deal for a controlling stake in Ranbaxy.
DoCoMo spent nearly 1.9 trillion yen in the late 1990s and early 2000s on small stakes in operators around the world to promote use of its i-mode mobile Internet technology and ensure the adoption of 3G networks on the same W-CDMA standard it uses.
But it saw its investments sour, and pulled out of AT&T Wireless Services Inc, Dutch operator KPN Mobile N.V. and Hutchison 3G UK Holdings after incurring heavy losses.
The Tata Group, which splashed out an Indian record of $13 billion for steelmaker Corus in 2007 and this year bought Jaguar and Land Rover $2.3 billion, has put further acquisitions on hold due to the credit crunch....
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