TOKYO, JAPAN, April 27, 2004 --- NTT DoCoMo, Inc announced today that it has signed a joint venture and share subscription agreement with Loxley Public Company Limited, under which NTT DoCoMo will acquire a 40% equity stake in L-spot Company Limited, a location-based service provider, wholly owned by Loxley, for a cash consideration of 21.6million baht (approximately 60 million yen). Loxley will concurrently invest 24.4 million baht in L-spot.
L-spot will change its name to "Mobile Innovation Company Limited" and NTT DoCoMo and Loxley will work together to enhance the venture and plan to launch new and innovative fleet management services in July 2004.
About NTT DoCoMo
NTT DoCoMo is the world's leading mobile communications company with more than 48 million customers. The company provides a wide variety of leading-edge mobile multimedia services. These include i-mode®, the world's most popular mobile internet service, which provides e-mail and internet access to over 41 million subscribers, and FOMA®, launched in 2001 as the world's first 3G mobile service based on W-CDMA. In addition to wholly owned subsidiaries in Europe and North America, the company is expanding its global reach through strategic alliances with mobile and multimedia service providers in Asia-Pacific, Europe and North America.
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.
NTT DoCoMo's FOMA service is available only to subscribers in Japan.
Loxley Public Company Limited, one of the oldest and most reputable conglomerate companies in Thailand, was founded in 1939 under the name of Loxley Rice Company (Bangkok) Limited. At the beginning, the company's main business was the export of primary products. In 1957, the company was renamed as Loxley (Bangkok) Company Limited. Its main business shifted to the import and sale of industrial and high technology products. In 1994, the company was listed in the Stock Exchange of Thailand as Loxley Public Company Limited.
At this moment, Loxley's main business group consists of: Information Technology, Infrastructure, Telecommunications Consumer Electronics, Environmental Business, Printing & Advanced Technology, Media & Entertainment, Special Projects, Consumer Products, Chemical Business, Construction Materials, Services Business, and International Business.
Loxley has not ceased to grow and transform itself over the past decade. The company is dedicated to offering complete customer satisfaction through the provision of greater value products and services as well as to strive to keep ahead of market changes and foster a climate of business innovation.
For more information, visit www.loxley.co.th