Tata Issues Response To Ex Parte Order, Says It Will Pay $1.17 Billion Award

(July 29, 2016, 12:39 PM EDT) -- MUMBAI, India — An Indian telecommunications company on July 28 issued a statement in response to a recent order issued by an English court in relation to the payment of a $1.17 billion arbitral award issued against it for breach of a shareholders agreement.

On June 24, NTT DOCOMO Inc. said in a news release that the London Court of International Arbitration (LCIA) has issued a binding arbitration award in relation to its stake in Tata Teleservices Limited (TTSL). TTSL is a telecommunication service provider in...
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