DoCoMo to invest USD3.28 million in digital mapping firm

5 Jun 2007

Japan’s leading mobile operator by subscribers NTT DoCoMo plans to invest JPY400 million (USD3.28 million) for a 10.27% stake in digital mapping and location identification services company Zenrin DataCom Co Ltd, a unit of Zenrin Co Ltd. According to AFX News, the cellco plans to use its equity interest to help develop improved mapping and navigation services for its mobile users. The transaction is expected to be completed at the end of the week.