Japanese telecom giant NTT DoCoMo is assessing the developments in the Indian mobile market before deciding the fate of its 26 per cent stake in the joint venture with the Tatas in unlisted Tata Teleservices Ltd. Chief Financial Officer Kazuto Tsubouchi said in Tokyo that the firm was considering various options about the stake and Tata Teleservices has been struggling to improve earnings after failing to get a license for more bandwidth. Docomo will also look at the Indian company's earnings and industry consolidation before deciding what to do with the stake it bought for $2.7 billion in 2009, Bloomberg quoted him as saying recently. The CFO did not disclose how much of the stake the firm wants to sell and by when.According to sources, Tatas are in talks with Telenor of Norway to merge their operations, as and when the government allows mergers and acquisitions (M&As) in the telecom sector. "The query raised is speculative and Tata Teleservices as a policy does not comment on market speculation," said a Tata Tele spokesperson.

Source - http://www.business-standard.com