CCI approves TTSL stake sale

The Competition Commission of India (CCI) has allowed Tata Sons to buy NTT DOCOMO’s 21.6 per cent stake in Tata Teleservices Limited (TTSL). Tata Sons recently sought permission from the CCI to buy DOCOMO’s stake. The application was filed after the Delhi High Court allowed Tata Sons to pay NTT DOCOMO a $1.18 billion arbitration award upon termination of their telecom joint venture (JV). In its proposal to the CCI, Tata Sons had claimed that the buyout would not affect or change the competitive landscape of the telecommunications market in India.


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