PUC approves DoCoMo’s acquisition of MCV

21 Dec 2012

Guam’s telecoms regulator, the Public Utilities Commission (PUC), has approved the proposed acquisition of cableco MCV Broadband by Japan’s NTT DoCoMo, reports Guam Pacific Daily News. The Japanese firm agreed to purchase MCV Broadband, a supplier of cable television, telephony and high speed internet services in Guam and the Commonwealth of the Northern Mariana Islands (CNMI), from private equity firm Seaport Capital earlier this year. In a report on the proposed transaction, PUC Administrative Law Judge Fred Horecky wrote that ‘customers will continue to enjoy high speed data and telephone service without reduction, impairment, or discontinuance of service and under the same rates, terms and conditions of service as before the transaction.’ The deal also requires approval from the Federal Communications Commission (FCC).

NTT DoCoMo already owns Guam-based telecoms operator DoCoMo Pacific; the Japanese firm entered the local market in 2006, after agreeing to acquire two Guam-based mobile networks, Guamcell Communications and GSM operator Guam Wireless Telephone Company (HafaTel), for USD71.8 million, TeleGeography’s GlobalComms Database states. The acquisition was completed in December 2006 and the pair were subsequently merged under the Guamcell Communications brand. In October 2008 NTT DoCoMo announced that it had renamed its Guam subsidiary DoCoMo Pacific; today the combined entity is the island’s leading mobile operator by subscribers.

Guam, DOCOMO Pacific (Guam), MCV Broadband (Guam), NTT DOCOMO