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

Airbus with Polish Parts

The aircraft manufacturer Airbus will make more parts for its machines in Poland more »

Deutsche Bank launches GDR program for Sberbank shares

New York - based Deutsche Bank Trust Company Americas announced the launch of non-sponsored global depository receipts, each GDR comprising Sberbank shares allowed to be bought by non-residents more »

Credit Suisse First Boston may organize Gazprom Eurobond issue

Gazprom has selected Credit Suisse First Boston to be one of the organizers of its Eurobond issue more »

NBP and UOKiK: no big EU-entry price jump

Prices will rise no more than 0.9% as a result of Poland's EU entry more »

Govt decides on privatisation of two coalmines, one remains

The Czech government has made a final decision on the privatisation of its stakes in two coalmining companies more »

Lithuania mulls bourse sell off next week

Lithuania may make a decision on privatizing the country's national stock exchange next week more »

Corruption belies Poland's prosperity

Infrastructure is lacking despite economic growth in largest of nations about to join European Union more »

RESULTS OF IMF MISSION IN UZBEKISTAN

International Monetary Fund Mission headed by the Counselor of the IMF department for the Mid East and Central Asia Erik de Vryer visited Uzbekistan from March 10 to 24 more »

The International Conference “PIPЕLINE FORUM”

Problems of Caspian oil transportation to Europe are considered at international conference more »

Number of credit unions increased in Uzbekistan

A practical seminar organized by the Japanese International Cooperation Agency /JICA/ and the Central Bank of the Republic of Uzbekistan more »