DoCoMo targets more overseas investments to boost revenues

4 Dec 2008

Japanese mobile operator NTT DoCoMo hopes to increase the proportion of revenues generated by its overseas businesses to 10% of annual turnover within five years, up from 2% currently, Reuters reports. To achieve this goal, the operator plans to seek additional international acquisitions following its investment in Indian operator Tata Teleservices last month, a senior executive said. DoCoMo agreed the pay USD2.7 billion for a 26% equity stake in India’s number six wireless carrier by subscribers, cementing its entry into one of the world’s fastest growing mobile markets. DoCoMo senior vice president and managing director of the group’s global business division, Toshinari Kunieda, said the cellco aims to expand its overseas business through more investments and increased cooperation with companies in which it already has interests.