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NTT Docomo Inc. said a panel awarded the company $1.17 billion in compensation after arbitrators sided with Japan’s largest mobile-phone carrier in a dispute with India’s Tata Sons Ltd.

Tata Sons, the holding company of India’s largest conglomerate, has been ordered by the London Court of International Arbitration to pay that amount to Docomo for breaching an agreement over Tata Teleservices Ltd., Docomo said in a statement Friday. In return, Tata Sons will receive or designate a recipient for Docomo’s entire stake in Teleservices, according to the statement.

A Tata representative did not immediately respond to a request for comment. Docomo said it is uncertain whether Tata Sons will pay the awarded damages and that the Japanese carrier is unable to factor the verdict into its earnings forecasts.

While the ruling — representing about half of the purchase price — is a victory for Docomo, it will only cushion what’s turned out to be one of the company’s worst overseas investments. The case went into international arbitration last year amid Indian restrictions on foreign investors ability to sell out of their investments in the country.

The phone operator paid ¥266.7 billion ($2.6 billion) in 2009 and 2011 in exchange for a 26.5 percent stake in the Indian cellular service provider. In July 2014, Docomo said it exercised its right to request a suitable buyer at a fair market price or 50 percent of the acquired cost, whichever is higher. As Tata Teleservices continued to post losses, the 50 percent was higher.

Still, according to Reserve Bank of India guidelines, an international firm can only exit its investment at a valuation “not exceeding that arrived at on the basis of return on equity.”

Docomo filed the arbitration request in January 2015 after saying the Indian conglomerate failed to fulfill its obligation to find a buyer for Docomo’s stake in Tata Teleservices despite repeated negotiations.

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