NTT DoCoMo to Raise Stake in PLDT.
DoCoMo, which acquired 12,633,486 PLDT shares (approximately 6.7% of total issued and outstanding shares) from NTT 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 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(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) stock exchanges. For more information, visit www.nttdocomo.com.
Source: NTT DoCoMo
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.
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|Date:||Dec 16, 2006|
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