NTT Docomo to exit India market, shares +5.5%

|About: NTT DOCOMO, Inc. ADR (DCMYY)|By:, SA News Editor

Japan's NTT DoCoMo (DCM +5.5%) is surging on news it will try to unload its 26% stake in India's Tata Teleservices, following five years of losses plagued by telecom license cancellations in a corruption probe and repeated delays in rolling out high-speed networks.

Tata may be an attractive asset for a new entrant hoping to crack the Indian market or an existing large player looking to add market share, but some analysts say they are few potential buyers with the cash to strike a deal.

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