|Wednesday, 10 August 2011, 14:52 HKT/SGT|
Source: NTT DOCOMO
TOKYO, Aug 10, 2011 - (ACN Newswire) - NTT DOCOMO, INC. announced today that it has acquired an approximately 25% stake in Vietnam's largest mobile content provider, VMG Media Joint Stock Company (VMG), which owns a market share of roughly 25% in the country. The stock purchase, worth approximately 370 billion Vietnam Dong or about 1.4 billion Japanese yen*, represents NTT DOCOMO's first investment in Vietnam.
VMG offers both content and content platforms. With its investment, DOCOMO will share its expertise and know-how with VMG, such as in content distribution, with the aim of boosting VMG's business and expanding DOCOMO's value-added services in Asia-Pacific.
DOCOMO will also work together with VMG's largest stakeholder, Vietnam Posts and Telecommunications Group (VNPT), the country's largest telecom operator, which holds about 29% stake in the company, to promote VMG's business.
*VND = 0.00373 yen as of July 31, 2011
About NTT DOCOMO
NTT DOCOMO, Japan's leading mobile operator with over 79 million subscriptions, is one of the world's foremost contributors to 3G, 4G and 5G mobile network technologies. Beyond core communications services, DOCOMO is challenging new frontiers in collaboration with a growing number of entities ("+d" partners), creating exciting and convenient value-added services that change the way people live and work. Under a medium-term plan toward 2020 and beyond, DOCOMO is pioneering a leading-edge 5G network to facilitate innovative services that will amaze and inspire customers beyond their expectations. DOCOMO is listed on the Tokyo Stock Exchange (9437). https://www.nttdocomo.co.jp/english/.
Eijun Tanaka or Yukie Sugaya
Public Relations Department
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Aug 10, 2011 14:52 HKT/SGT
Source: NTT DOCOMO
NTT DOCOMO (TSE: 9437)
Topic: Press release summary
Sectors: Media & Marketing, Daily Finance, Daily News
From the Asia Corporate News Network
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