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The following is excerpted from IRG's weekly stock report:

• • •

Telecommunications

  • NTT DoCoMo (NYSE: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.
Source: Japanese Tech Stock Weekly Summary (Dec. 29, 2008 - Jan. 4, 2009)