TOKYO, April 25 Japan's NTT DoCoMo Inc
will unload its 26.5 percent stake in loss-making Indian mobile
phone joint venture Tata Teleservices Ltd and exit
the country as it struggles with tough price competition,
sources familiar with the matter said on Friday.
NTT DoCoMo will make a formal decision at a board meeting on
Friday, the sources said.
An NTT DoCoMo spokesman said the company was considering
various options for its overseas operations but that nothing had
Japan's top operator of mobile phone services is expected to
book about 80 billion yen ($780 million) in related losses in
the financial year ended on March 31, results of which are due
to be announced at 3 p.m. (0600 GMT), the sources said.
NTT DoCoMo invested 266.7 billion yen in Tata Teleservices
in 2009. The company ranks seventh in India with 63 million
subscribers as of the end of March.
($1 = 102.2350 Japanese Yen)
(Reporting by Yoshiyasu Shida; Writing by Chang-Ran Kim;
Editing by Dominic Lau)