The following is excerpted from IRG's weekly stock report:
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Telecommunications
- NTT DoCoMo (DCM) has deferred its open offer for Tata Teleservices following a delay in approval from the Indian securities regulator. NTT DoCoMo said in November it would pay $2.7 billion for a 26% stake in unlisted Tata Teleservices. The offer price has been fixed at 24.7 rupees ($0.5) per share. The open offer, by DoCoMo along with Tata Sons, was scheduled to begin on January 8 and close on January 27 next year.
