TOKYO, JAPAN, July 31, 2003 ---JSAT Corporation and NTT DoCoMo, Inc. today reached an agreement on the transfer of NTT DoCoMo's interest in two jointly owned communications satellites—N-STARa and N-STARb—to JSAT. Pursuant to the agreement, NTT DoCoMo will hereafter lease the two satellites from JSAT to continue providing its proprietary satellite mobile communications service. The agreement will also see NTT DoCoMo acquire a strategic equity interest in JSAT to continue to ensure the provision of reliable service.
JSAT presently owns and operates eight communications satellites, offering communications and broadcasting services for both domestic and international markets. NTT DoCoMo holds an interest in two of those satellites,
N-STARa and N-STARb, which it uses to provide the WideStar service.
The agreement will enable JSAT and NTT DoCoMo offer even more reliable services, and presents the opportunity for the two companies to actively explore new avenues of collaboration in the satellite mobile communications business.
The details of the agreement are as follows.
Transfer of Satellite Assets
- Date of Transfer
August 1, 2003 (planned)
- Details of Transfer
NTT DoCoMo will transfer its interest in communications satellites
N-STARa and N-STARb to JSAT. (Mobile Satellite Service (MSS) mission: S-band*, C-band*)
- Value of Assets to be Transferred
Approx. 3.3 billion
*S-band: 2.6GHz/2.5GHz frequency band suitable for mobile communications,
C-band: 6GHz/4GHz frequency band
Acquisition of Shares
- No. of Shares to be Acquired
NTT DoCoMo will acquire 4,749 shares of JSAT 's common stock. (Approx. 1.24% of total number of shares issued and outstanding; total paid-in capital: approx. 1.7 billion)
- Method of Share Acquisition
NTT DoCoMo will acquire JSAT-held treasury stock.
- Date of Acquisition
August 20, 2003 (planned)
- Profiles of the Two Companies
Name JSAT Corporation NTT DoCoMo, Inc. Head Office 1-11-1 Marunouchi,
President President and CEO
President and CEO
Capital 53,769 million 949,679 million
- Present Ownership of N-STARa and N-STARb
JSAT NTT DoCoMo N-STARa 70% 30% N-STARb 70% 30%
NTT DoCoMo is listed on the Tokyo (9437), London (NDCM), and New York (DCM) stock exchanges. For more information, visit www.nttdocomo.co.jp/english
i-mode and FOMA are trademarks or registered trademarks of NTT DoCoMo, Inc. in Japan and other countries.
WideStar is a registered trademark of NTT DoCoMo, Inc. in Japan.