US security agencies approve DoCoMo’s acquisition of MCV

30 Apr 2013

A number of federal agencies in the US, including the FBI and Homeland Security, have 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 last year and the deal received approval from Guam’s telecoms regulator, the Public Utilities Commission (PUC), in December. In a letter sent by the Justice Department’s National Security Division to the Federal Communications Commission (FCC), the agencies said: ‘Through this Petition, the agencies advise the [FCC] that they have no objection to the commission approving the authority sought in the above-referenced proceeding, provided that the commission conditions its approval on the assurance of DoCoMo Guam Holdings Inc. … a wholly owned subsidiary of NTT DoCoMo Inc., to abide by the commitments and undertakings set forth in the October 2006 Agreement between DoCoMo Guam and the federal agencies.’

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, notes TeleGeography’s GlobalComms Database. 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