NTT DoCoMo to Raise Stake in PLDT.Tokyo, Japan, Dec 15, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - NTT DoCoMo, Inc. announced today that it plans to acquire approximately 6 million shares of Philippine Long Distance Telephone Company The Philippine Long Distance Telephone Company (PSE: TEL, NYSE: PHI), commonly known as PLDT, is the largest telecommunications company in the Philippines. History (PLDT PLDT Philippine Long Distance Telephone Company ) (approximately 3.2% of total issued and outstanding shares, which is expected to be equivalent to approximately 13 billion Philippine pesos or 30 billion Japanese yen) from an affiliate of First Pacific Company Limited (FPC fpc - A translator from Backus's FP to C. ftp://apple.com/comp.sources.Unix/Volume20. ), PLDT's largest shareholder. DoCoMo expects to finalize the specific terms of the transaction after discussions with FPC. DoCoMo, which acquired 12,633,486 PLDT shares (approximately 6.7% of total issued and outstanding shares) from NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform Communications Corporation in March of this year, will have a total of approximately 19 million shares (approximately 9.9% of total issued and outstanding shares) after this latest acquisition. DoCoMo may consider purchasing additional shares in the future. DoCoMo's additional investment will further strengthen its relationship with PLDT and Smart Communications, Inc. (SMART), PLDT's wholly owned mobile subsidiary. SMART, with DoCoMo's backing, intends to launch the i-mode(TM) service and expand W-CDMA See WCDMA. services in the Philippines and promote international roaming services between Japan and the Philippines. SMART and DoCoMo will also collaborate as members of the Conexus Mobile Alliance of eight Asian operators which are cooperating in international roaming and corporate mobile services. About NTT DoCoMo NTT DoCoMo is the world's leading mobile communications company. DoCoMo serves more than 51 million customers, of which more than half subscribe to FOMA See i-Mode. (TM), launched as the world's first 3G mobile service based on W-CDMA in 2001. DoCoMo also offers a wide variety of leading-edge mobile multimedia services, including i-mode(TM), the world's most popular mobile e-mail/ Internet service, used by more than 46 million users. With the addition of credit-card and other e-wallet functions, DoCoMo mobile phones have become highly versatile tools for daily life. NTT DoCoMo is listed on the Tokyo (9437), London (NDCM) and New York (DCM DCM abbr. Distinguished Conduct Medal ) stock exchanges. For more information, visit www.nttdocomo.com. Source: NTT DoCoMo Contact: TT DoCoMo, Inc. Eijun Tanaka Assistant Manager International Public Relations Group Inquiries: http://www.nttdocomo.com/inquiry Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion