TOKYO, JAPAN, March 31, 2011 ---
The additional investment is part of DOCOMO’s ongoing strategy to expand its business presence and revenue sources in India’s rapidly growing mobile market.
DOCOMO plans to newly invest approximately 8 billion Indian rupees, or about 14.6 billion yen (1 rupee = 1.83 yen as of Feb. 28, 2011) based on its current 26% stake in TTSL. Payment of one portion of the funds has been made so far, and the rest of the investment is scheduled to be completed in May.
TTSL is expected to use the capital to expand the coverage as well as strengthen the quality of the 3G network it launched in November 2010, responding to increasing market competition for new customers.
DOCOMO’s business alliance with TTSL has scored a number of wins to date. After TTSL branded its GSM-based 2G service as
Through a joint business and technology cooperation committee, DOCOMO has provided TTSL with special expertise for networks, value-added services and marketing, including the introduction of the
NTT DOCOMO NTT DOCOMOis the world’s leading mobile operator and provider of advanced mobile services. The company serves over 57 million customers in Japan, including 48 million using i-mode™, the world’s most popular mobile e-mail/Internet platform, and 56 million using FOMA™, the world’s original 3G mobile service based on W-CDMA. As a leader in the development of cutting-edge mobile technologies, DOCOMO is continually expanding the role of mobile phones as versatile and highly personalized “lifestyle tools” for everyday life, including with a wide range of innovative services for mobile payments, GPS, mobile TV, multimedia content and much more. NTT DOCOMOis listed on the Tokyo (9437), London (NDCM) and New York (DCM) stock exchanges. For more information, visit www.nttdocomo.co.jp/english.
FOMA service is only available in Japan.