NTT DoCoMo, as was speculated earlier has acquired 26% stake in Tata Teleservices for $2.7Bn (i.e. Rs 12,770 crore)
The deal values Tata Tele @ $10.4 Bn , i.e. Rs 50,270 crore – DoCoMo will buy 6% from Tata Sons and other group companies and the remaining 20% will be new shares issued by Tata Teleservices
Deal numbers that you should know
- Tata Tele is valued more than RCOM’s market cap.
- Tata Tele has 25 million subscribers in 20 circles.
- Per Subscriber price = Rs. 19,334
- Per subscriber market cap for Airtel is Rs 14,977, Reliance : Rs. 7,420.
- Vodafone paid Rs 32,336 per subscriber to acquire 67% stake in Hutch.
- Telekom Malaysia paid Rs 23,152 per subscriber for 15 per cent stake in Idea Cellular.
BS has nicely summarized the deals in Indian telecom space:
Deals in Indian Telecom Space
Earlier, Telenor acquired 60% stake in Unitech for $1.07bn and Emirates Telecommunications Corporation (Etisalat) bought 45% stake of Swan Telecom Private Ltd.
Wow. That’s a big deal for Tata Tele.
Wrong statistics stated in Per subscriber market cap.
hey guys i jus went through their amaing website n i got lots of information about tata docomo..the site even has cool ring tones as well as games..jus check it out its amazing..
http://www.tatadocomo.com/default.aspx
i like the per second billing idea more..its more like a free service docomo is providing..hope to get sum more new plans n tariff..
you cn new check it yourslf hw much you cn actly save frm docomo..the saving wall shows you the savings done in docomo..wish they provide sumthin abt the unlimited gprs plan..