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

OMHEX AB intends the integration

OMHEX AB to submit offer for Lithuania's NSEL and CDSL more »

Wincor Nixdorf to supply 100 ATMs for $5.9B FI

Susquehanna Bancshares Inc., a $5.9 billion financial services holding company, will install approximately 100 Wincor Nixdorf ProCash ATMs more »

Cisco as a benchmark

Cisco Posts Lower Net Profit but Sales Beat Forecasts more »

Wincor Nixdorf grows sales by 7% in '03

Wincor Nixdorf grew its net sales by 7 percent to €1.4 billion (U.S. $1.7 billion) in fiscal 2002/03 more »

A strategic partnership

Wincor Nixdorf forms strategic partnership with Abacus Financial Management Systems more »

ATMIA presents cash security seminar

The ATM Industry Association is holding its first-ever industry seminar on cash security more »

Wincor Nixdorf to manage Barclays' ATMs in UK

UK bank Barclays has signed a five-year contract with Wincor Nixdorf for the management and maintenance of its national network of ATMs more »

U.S. 4th-Quarter GDP May Have Grown at 5% Pace

The U.S. economy may have expanded at a 5 percent annual rate from October through December more »

The nomination

NEW HEAD OF KAZAKH NATIONAL BANK NAMED more »

10 cars that lose value fastest

Depreciation has a dramatic effect on both leasing costs and trade-ins more »