NTT Docomo purchaces 26% of Indian carrier’s common shares

Japanese carrier NTT Docomo (NYSE: DCM) is stretching westards towards India by entering into a strategic alliance with Tata Teleservices. For US$2.7 billion Docomo bought 26% of TTSL’s common shares as a part of the deal. Tata Teleservices had sparked a whole review of national security last spring when they tried to start supporting BlackBerry (NSDQ: RIMM) services, but discovered some holes in the government’s ability to intercept transmissions back to RIM’s servers. Otherwise, Tata plays second fiddle to Reliance and Bharti Airtel in the market, but that could quickly change as one of Japan’s biggest players gets into the Indian ring.

[Docomo via Slashphone]