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

LUKoil Drills Into Baltic Sea

LUKoil, Russia's largest oil producer, started drilling at a $270 million offshore field in the Baltic Sea more »

The most rapid GDP growth rate

Lithuania will be the fastest growing economy in the enlarged EU, forecasts Nordea more »

Japan Sells 2 Trillion Yen of Debt This Week

Japan will sell 1.9 trillion yen ($17.4 billion) of 10-year bonds tomorrow, part of plans this year more »

Waiting for EU accession

The economy might be recovering, but investments remain sluggish more »

Malev plans to join SkyTeam in Nov

Malev Hungarian Airlines Rt announced that it plans to join the SkyTeam Alliance of Air France SA and Delta Air Lines Inc. as its first associate member in November more »

Estonia Finance Ministry lowers GDP growth forecast

The Estonian Finance Ministry has lowered its GDP growth forecast for 2004 to 5.3% from 5.6% more »

Future of euro adoption

Hungary will probably postpone euro adoption from 2008 to 2010 because of high inflation and budget deficits more »

Import volume outstrips export in 2003

Hungary’s exports in Jan.-Dec. 2003 were up 8.8% in volume yr/yr and import volumes were up 10.1%, the Central Statistics Office (KSH) said more »

SkyEurope planning budget flights to Poland

The Central European budget carrier SkyEurope Airlines said Tuesday that it would enter Poland's market May 1 more »

The minister’s apprehensions

Russian economy minister warns of crisis in 2005 more »