Wednesday, September 2, 2009

Docomo expects Tata JV to become profitable in 3 years

NTT Docomo expects its Indian joint venture with Tata Teleservices (TTSL) to be profitable in three years and would consider further investment in the world's fastest-growing mobile market, according to an Economic Times report.

Docomo bought its stake in TTSL for US$2.7 billion last year with initial plans to invest US$2 billion in a new GSM network.

source: GMBB

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