DoCoMo News

One of the reasons is the high levies imposed on the sector. Industry bodies have often in the past bemoaned the fact that the Indian levy on the sector is in the 30 per cent-plus range. 

Tata Sons will seek the approval of the Competition Commission of India and tax authorities to remit USD 1.18 billion to estranged partner NTT DoCoMo to settle its long-standing dispute.

The Delhi High Court on Wednesday asked the RBI whether its permission was required if there is no other objection to the enforcement of the USD 1.17 billion arbitral award in favour of Japanese telecom major NTT Docomo in its case with Tata Sons.

Tata Sons on Tuesday said it has agreed to pay Japanese telecom firm NTT Docomo USD 1.18 billion to settle the 2-year old dispute over their Indian telecom joint venture.

With Reliance Jio now offering free calling services and disruptive data pricing, mobile telecom service providers have started launching recharge plans offering unlimited voice calls, and various data benefits, in order to retain users.

Tata Sons Thursday told the Delhi High Court that it has every intention of paying the arbitral award of USD 1.17 billion in favour of Japanese telecom major NTT Docomo, but has been unable to do so due to lack of permission from the Reserve Bank of India (RBI).

Bharatiya Janata Party(BJP) leader and MP from Rajya Sabha Subramanian Swamy on Friday alleged that Ratan Tata is a corrupt person and termed him a disgrace for the Tata family.

NTT DoCoMo in 2008 acquired 26.5 percent stake in Tata Teleservices for about Rs 12,740 crore (at Rs 117 per share). This was as per a understanding that in case it exits the venture, it will be paid a minimum 50 percent of the acquisition price.

Tata Sons on Saturday said NTT DoCoMo - the estranged Japanese partner - is confusing its intent to pay with what is "legally payable" by the Indian company, and emphasised that its intent is to pay but "within the confines of the law".

Tata Sons Thursday denied strongly the speculation that its assets in Britain could be seized following the London arbitration award against the group in the Tata Tele-Docomo case last month.

Tata Sons has said the RBI has turned down a request to allow it to buy back the Japanese Group NTT Docomo's 26 percent stake in their telecom joint venture.

Japanese telecom giant NTT Docomo has dragged Tatas to an arbitration court, alleging that the Indian firm failed to honour commitment to buy its Rs 7,250 crore stake in their joint venture Tata Teleservices Ltd.