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Tata to pay NTT Docomo US$1.2bn in JV dispute

Connectivity BusinessbyConnectivity Business
June 24, 2016
in Investments, Space Services
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The London Court of International Arbitration has ordered India’s Tata Sons to pay NTT Docomo US$1.17bn in damages for failing to find a buyer for the Japanese telco’s 26.5% stake in their Indian mobile phone joint venture Tata Teleservices. NTT Docomo said in a statement that the order is a result of Tata Sons’ breach of their shareholder agreement. The London Court of International Arbitration has ordered […]

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Tags: Asia PacificNTT DoCoMoPremiumTata GroupTata SonsTata TeleservicesTF247
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