A PYMNTS Company

India: Tata gets CCI go ahead

By  |  May 25, 2017
India: Tata gets CCI go ahead

Tata Group companies and promoter Tata Sons have received the nod from Competition Commission of India to buy NTT Docomo’s 21.6% stake in Tata Teleservices. Besides Tata Sons, the group companies include Tata Steel, Tata Industries, Tata Communications and Tata Power.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    In its proposal sent couple of weeks back, the group companies said the buyout will not affect or change the competitive landscape of telecommunications market in India.

    The application comes less than a month after Delhi High Court allowed Tata Sons to pay NTT Docomo a $1.18 billion arbitration award upon termination of their telecom joint venture, likely ending a prolonged corporate battle that had cast a shadow on Indo-Japanese economic ties.

    Full Content: NDTV Profit

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.