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NTT DoCoMo studying sale of 20% equity stake in Hutchison 3G UK.

TOKYO, May 7 Kyodo

NTT DoCoMo Inc. is considering selling its 20 percent equity stake in Hutchison 3G UK Ltd., a British third-generation mobile phone services company, the president of the Japanese mobile phone giant said Friday.

Selling the equity stake ''is among our policy options,'' Keiji Tachikawa said in a news conference.

Critics say NTT DoCoMo is not enjoying the fruits of its 180 billion yen investment to purchase the equity stake as Hutchison 3G has not adopted NTT DoCoMo's i-mode Internet-capable mobile phone services.

''Britain is becoming the only (major) country in Europe where 'i-mode' services are not available,'' Tachikawa said in expressing his dissatisfaction with the situation.

NTT DoCoMo currently provides the i-mode services in Japan, Taiwan, Germany, the Netherlands, Belgium, France, Spain and Italy.

Hong Kong-based Hutchison Whampoa Ltd. is the largest shareholder of Hutchison 3G with a 65 percent stake.
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Publication:NTT Topics
Geographic Code:4EUUK
Date:May 10, 2004
Words:145
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