Tata pays Docomo $1.27bn, ending dispute over 2014 split

Japanese telecom giant lifts profit forecast

Tata Sons' $1.27 billion payment to NTT Docomo ended a three-year dispute that began after poor earnings led the Japanese company to withdraw from India, setting off difficult negotiations.

November 1, 2017 02:39 JST

TOKYO -- NTT Docomo received a payment of 144.9 billion yen ($1.27 billion) from Tata Sons, the Japanese carrier said Tuesday, ending a dispute that erupted more than three years ago when the telecom company announced its withdrawal from India.

Tata Sons serves as the holding company of India's largest conglomerate, the Tata group.