DoCoMo eyes fresh Asian investments

20 Mar 2006

Japan’s largest mobile operator NTT DoCoMo says it expects to ramp up its investment activities in Asian mobile operators in the coming fiscal year. According to Masao Nakamura, president and CEO of NTT DoCoMo, his company ‘will try to enter into Asian markets for the expansion of the i-mode service, and thereby try to reduce our cost by increasing the volume of procurement with local partners.’ DoCoMo has recently completed a deal to acquire a 7% stake in Philippine carrier PLDT, and in December 2005 said it would pay USD573 million for a 10% stake in KTF, South Korea’s second largest cellular carrier. Most recently, DoCoMo has moved to buy two wireless operators in Guam, Guam Cellular and Guam Wireless. The deals are the first major international acquisitions that DoCoMo has made since the bursting of the telecoms bubble.