TOKYO, JAPAN, June 29, 2005 --- NTT DoCoMo, Inc. announced today that the company has signed a joint venture and share subscription agreement with ULTRA d.o.o.,
a Slovenia based European technology company. Under the agreement, DoCoMo will acquire a 49% equity stake in Telargo Inc., ULTRA's wholly-owned U.S. mobile assets management service provider, for U.S. $28.6 million (approximately 3.1 billion yen).
Telargo's service is based on a mobile asset management platform providing a wide range of companies with a comprehensive fleet and workforce management tools to streamline and optimize their businesses.
Telargo plans to offer its service worldwide starting from Fall 2005.
This investment is a part of DoCoMo's strategy to expand location-based fleet management services and follows its investment last year in a Thai fleet management service company.
About NTT DoCoMo
NTT DoCoMo is the world's leading mobile communications company, serving more than 50 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 44 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 and Europe.
NTT DoCoMo is listed on the Tokyo (9437), London (NDCM), and New York (DCM) stock exchanges. For more information, visit
www.docomo.ne.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 only available to subscribers in Japan.
About ULTRA
ULTRA is Slovenia based European technology company, founded in 1989. Once an R&D start-up ULTRA is today the leading technology and service provider of intelligent mobile asset management platform, M-PAY mobile payment system, BIRD industrial grade telemetry and ENERGY supply chain management solutions. ULTRA operations cover the globe with its network of companies and partnerships in Europe, Middle East, Asia and the Americas.
