BUSINESS

Cyrus Mistry Says DoCoMo Dispute Was Handled With Ratan Tata's Approval

The telecom dispute involves the payment of $1.17 billion arbitration fee that Tata Sons owes NTT Docomo from a soured JV deal.

01/11/2016 3:48 PM IST | Updated 01/11/2016 4:24 PM IST
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Tata Sons ousted Chairman Cyrus Mistry said on Tuesday that any insinuation that he had mis-handled a drawn out dispute with its Japanese telecom partner NTT DoCoMo Inc were baseless, ratcheting up the war of words between the two feuding sides.

All decisions were taken with the unanimous approval of the Tata Sons Board, and with the approval of Ratan Tata and Tata trustee N.A. Soonawalla, Mistry's office said in an e-mailed statement.

Tata Sons were not immediately reachable for comment.

(Reporting by Abhirup Roy and Aditi Shah; Editing by Euan Rocha)

ALSO READ: Why Tata Sons Isn't Paying $1.17 Billion Fine It Owes DoCoMo

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