DoCoMo acquires PacketVideo stake for USD45.5m

6 Jul 2009

Japan’s DoCoMo has acquired a 35% stake in PacketVideo, a unit of NextWave Wireless Inc which already supplies the cellco with software to run music and video content, for USD45.5 million. The move will strengthen DoCoMo’s music and video services portfolio as it fights for market share in a fiercely competitive and saturated market, and comes ahead of the planned launch of its next generation ‘Long Term Evolution’ (LTE) services in December 2010.