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| Wednesday, 10 August 2011, 14:52 HKT/SGT | |
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Source: NTT DOCOMO | |
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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
Contact:
Eijun Tanaka or Yukie Sugaya
International PR
Public Relations Department
Tel: +81-3-5156-1366
Fax: +81-3-5501-3408
Website: www.nttdocomo.com
Inquiries may also be made through the following URL:
http://www.nttdocomo.com/contact
Topic: Press release summary
Source: NTT DOCOMO
Sectors: Media & Marketing, Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
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