Docomo sees long-term interest in India

NTT Docomo expects its Indian joint venture with Tata Teleservices (TTSL) to be profitable in three years and would consider further investment in the world’s fastest-growing mobile market, according to an Economic Times report.

India’s R-Com plans US1B telecom tower listing

Indian operator Reliance Communications (R-Com) is to partly sell-off its tower business in an IPO that could fetch the company US$1 billion. R-Com’s owner – billionaire businessman Anil Ambani – told an annual general meeting of shareholders yesterday that the operator would offer 10 percent of its tower business, Reliance Infratel, to investors, reports Financial Times.