TOKYO, JAPAN, November 5, 2004 --- NTT DoCoMo, Inc. announced today that the company has agreed to make a 100% acquisition of inter-touch (BVI) Limited, a Singapore-based holding company of Internet providers who supply high-speed broadband connections and applications for business travelers at hotels across Asia-Pacific, Europe etc. The total purchase price will be US$70 million.
The acquisition will enable DoCoMo to offer more options for Internet connection to its customers while they are travelling abroad, since inter-touch group companies offer wired/wireless LAN broadband services at 155 hotels (a total of about 50,000 rooms) in 28 countries worldwide.
inter-touch has capital in the amount of US$15.6 million. The company was established in 1998 and employs about 120 people.
About NTT DoCoMo
NTT DoCoMo is the world's leading mobile communications company, serving more than 48 million customers. The company offers a wide variety of leading-edge mobile multimedia services, including i-mode®, which provides e-mail and Internet access to over 42 million subscribers as the world's most popular mobile Internet service, 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
FOMA, and i-mode 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.
inter-touch is a provider of fast, convenient and secure wired/wireless Broadband applications for business travelers whose solutions enable more than three million connections annually. The company is privately owned and headquartered in Singapore, with 13 offices throughout Asia Pacific, the Middle East, Africa and Europe. inter-touch has also partnered with many prestigious hotel brands and management companies around the world since 1998. For a complete listing of hotels or to learn more about the company, please visit www.inter-touch.com