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

EU paymasters reject enlargement budget

The European Commission will today launch into a bitter dispute with Britain and other big paymasters of the EU, by demanding billions of extra euros more »

Germany in truck-tolling talks with Autostrade

Germany's transport ministry is in talks with Italy's main toll-road operator to sort out the troubled German motorway truck-tolling programme more »

Techs soar higher

Ericsson's strong fourth-quarter results boost telecom shares. Motorola rises on its own good news more »

Hungary's deficit could reach 5.8%

Hungary's public deficit for 2003 could reach 5.8% of gross domestic product more »

A major independent oil producer in Kazakhstan

Nelson Resources completes acquisition of a 50% participatory interest in the North Buzachi oil field in western Kazakhstan more »

Indian Car Market Ahead of East European Countries

The Indian car market was bigger and the industry was ahead of many East European countries, Indian Parliament was informed on Thursday more »

Negotiations on free trade

Moldova and Macedonia agree to liberalize bilateral trade relations more »

IMF urges Moldova to accelerate reforms

In order to resume talks with the international community regarding new cooperation programs, Moldova needs to expedite structural and market-oriented reforms more »

YUKOS shareholder Shakhnovsky freed by court

Key YUKOS shareholder Vasily Shakhnovsky, charged with tax evasion and forgery by the Russian authorities, was freed by a Moscow court on Thursday more »

GASA publishes ATM security best practices

The Global ATM Security Alliance (GASA), formed by the ATM Industry Association in June 2003, has published a Best Practice Manual for Physical ATM Security more »