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fung_derf

05/05/14 3:16 PM

#469 RE: temp luvs amy #468

Any reason to hang on?

NTT Docomo plans to sell its entire stake in an Indian telecom joint venture, adding its name to the roster of cautionary tales for blue-chip firms seeking entry into India's fast-growing but challenging market. Following five years of losses plagued by telecom license cancellations in a corruption probe and repeated delays in rolling out high-speed networks, Japan's biggest mobile carrier said it plans to sell its 26.5% stake in Tata Teleservices by June. Shares of Docomo rose 5.2% to $16.05.