DoCoMo Buys More Of AT&T Wireless

Published: 27 December 2001 y., Thursday
The Japanese company previously purchased 16 percent of AT&T Wireless. DoCoMo said in a statement that it's additional purchases will maintain that percentage of ownership. DoCoMo said its decision is contingent on AT&T Wireless' acquisition of TeleCorp PCS, a regional wireless operator in the U.S. That acquisition would occur through a stock exchange, which will increase AT&T Wireless' total number of offered shares. DoCoMo estimated that its additional share acquisition will give it a total of 26.6 million shares of AT&T Wireless' common stock worth about $380 million. Through it's initial buy-in, NTT DoCoMo received one seat on AT&T Wireless' board. Also part of that initial deal, AT&T Wireless agreed to add a GSM/GPRS overlay to its existing TDMA wireless system, a process it already has started. It also is expected that services based on DoCoMo's i-mode technology, which is wildly successful in Japan, will be launched by the American carrier. DoCoMo in the last year has acquired, or attempted to acquire, stakes in a variety of wireless operators around the world. For instance, it recently invested in Dutch operator KPN Mobile, which said recently that it soon will launch i-mode services. However, earlier this week it ended talks with Korea's SK Telecom to acquire a stake in that company.
Šaltinis: Finance News Archives
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Russian Politician: Oil Firms Nationalization Necessary

Russian economy minister German Gref told reporters of Russian daily Kommersant that the government’s direct involvement in oil business was "unjustified" more »

Lithuanian Exports grew by 18 %

Lithuanian exports were 18,259 bill. litas (€ 5,3 bill.) and imports 24,454 billion litas (€ 7,1 bill.) during the first nine months of 2004 more »

The Port of Klaipeda Handles More Cargos Than Amsterdam

During a year the port of Klaipeda handles over 150 thous. TEU (twenty-foot equivalent units) more »

The Contract

"Gazprom" and "Beltransgaz" Ink Contract on Gas Supply and Transit more »

Weak dollar brings U.S. bank to local market

KeyCorp to launch services in early 2005 more »

Economy set to grow by 4%

The Hungarian economy, set to expand at around 4% both last year and in 2005, is back onto a sustainable, export-led, growth track more »

Polish Companies Plan Cuts, Keeping Unemployment at EU Record

The end-2005 jobless rate for Poland, the largest of the 10 newest EU members, compares with an expected 8.3 percent in the neighboring Czech Republic, the second largest of the EU entrants more »

India’s Oil Corp Ready to Pay $2Bln for 15% Stake in Yuganskneft

A subsidiary company of India’s Oil & Natural Gas Corporation (ONGC Videsh) would like to buy a 15 percent stake in Yuganskneftegaz, the former crown jewel of Yukos Oil Company more »

Azeri Gold Reserves Surged

The volume of Azerbaijan’s gold and currency reserves on December 1 totalled to $873.16 million, according to the National Bank of Azerbaijan more »

Central Bank: Russian Gold Reserves Increased

Central Bank of Russia’s public relations department announces that since the beginning of 2004 gold and currency reserves volume has increased by $44.5 billion or by 58 percent as compared to the same period last year more »