London Court of Arbitration orders TATA Sons to pay USD 1.17 billion

Q.  London Court of Arbitration has ordered Tata Sons to pay NTT DOCOMO US $1.17 billion for agreement in which joint venture?
- Published on 27 Jun 16

a. TTSL
b. Tata Teleservices Limited
c. Tata Telecommunications Limited
d. Both a and b

ANSWER: Both a and b
 
London Court of Arbitration has ordered TATA Sons to pay Japan’s largest mobile phone firm NTT DOCOMO USD 1.17 billion in compensation for breaching an agreement on a JV
  • In January 2015, NTT DOCOMO Inc of the Nippon Telegraph and Telephone Corp filed a request against TATA Sons claiming latter had failed to find a buyer for the DOCOMO stake in TTSL
  • The London Court ordered TATA Sons to pay DOCOMO US $1172 million for breach of the shareholders agreement
  • Japan’s largest communications service provider entered the country by acquiring a stake in Tata Teleservices for USD 2.7 billion after the Indian telco was granted dual technology license that permitted CDMA operators to offer rival GSM based services as well.

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