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NTT DoCoMo to buy into TTSL rights issue

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CIOL Bureau
New Update

BANGALORE, INDIA: Japan's NTT DoCoMo is to buy into a 30 billion rupee rights issue by India's Tata Teleservices, set to be announced as soon as this week, two sources with knowledge of the matter said on Tuesday.

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DoCoMo already owns 26 percent of the Indian company and is set to maintain its percentage holding after the issuance, the sources said.

Proceeds from the issuance are to be used to fund Tata's 3G rollout, the sources said

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