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Telenor ASA In Talks To Merge India Operations With Tata Teleservices Ltd-The Economic Times
The Economic Times reported that Telenor ASA is in talks with Tata Teleservices Ltd to combine their operations in India. Japan's NTT DoCoMo, which owns a 26% stake in Tata Teleservices, is likely to remain a shareholder in the merged entity, said one person, who asked not to be identified because the information is private. Any deal will depend on new takeover rules being considered by India's telecom regulator.
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