TTSL expected to relaunch talks on spectrum trading

28 Jun 2016

Tata Teleservices (TTSL) is expected to restart negotiations with other cellcos regarding spectrum trading in a bid to drum up funds to pay NTT DOCOMO after arbitrators ruled in favour of the Japanese company earlier this month. The Economic Times cites an unnamed source close to the cellco as saying that ‘feelers to other operators are being sent.’ TTSL had previously been involved in talks with other providers, including Vodafone and Telenor, regarding the trading/sharing of its 800MHz and 1800MHz spectrum, but no deal was reached due to the arbitration proceedings and the lack of clarity on regulatory issues at the time. ‘Now that there is clarity both on the policy front and on the legal front TTSL may restart those negotiations.’ As previously reported by CommsUpdate, DOCOMO was awarded damages of USD1.72 billion on the grounds that Tata had breached its shareholding agreement when it failed to find a buyer for DOCOMO’s 26.5% stake in TTSL. Tata attempted to purchase the shares for a previously agreed price, but was blocked by Indian authorities.