NTT DOCOMO, Tata Teleservices Limited and Tata Sons Limited, today announced their agreement on a strategic alliance in India, under which DOCOMO will acquire 26 percent of TTSL’s common shares for approximately 130.7 billion Indian rupees (US$2.7 billion).

In addition, DOCOMO, in accordance with regulations of the Securities and Exchange Board of India, expects to make an open offer to acquire up to 20 percent of the outstanding common shares of Tata Teleservices (Maharashtra) Limited (TTML), a Tata telecommunications company, through a joint tender offer with Tata Sons.