Leading Japanese mobile company, NTT DoCoMo would acquire 26% in TATA Teleservices. Tata Teleservices (TTSL) is a subsidiary of TATA group which offers CDMA based services across India having 25 million subscribers in 20 telecom circles. The Japan based company would pay around Rs 12,770 crore to TATA for this acquisition.

DoCoMo valued mobile service provider at Rs 50,269 crore and it would buy six per cent from Tata Sons and other group companies while remaining 20 per cent from the shares issued by TATA Teleservices.

Acquisition process would be completed through guidelines of the Securities and Exchange Board of India (Sebi). Accordingly, an open offer for 20 percent shares of Tata Teleservices Maharashtra Ltd would be issued. Maharashtra circle includes Mumbai and remaining state with more that five million subscribers. Both companies would hold 9.3 per cent share of the Indian mobile market.

The deal would help early roll out of much awaited 3G technology in India as Japanese mobile company, NTT DoCoMo is known for providing efficient 3G mobile services. The company has chosen Indian telecom market for growth most probably due to saturation of Japanese mobile market.