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NTT DOCOMO to invest in Vietnam's VMG Media JSC
NTT DOCOMO, INC. announced today that it has acquired an approximately 25% stake in Vietnam's largest mobile content provider, VMG Media Joint Stock Company (VMG), which owns a market share of roughly 25% in the country. The stock purchase, worth approximately 370 billion Vietnam Dong or about 1.4 billion Japanese yen*1, represents NTT DOCOMO's first investment in Vietnam.
VMG offers both content and content platforms. With its investment, DOCOMO will share its expertise and know-how with VMG, such as in content distribution, with the aim of boosting VMG's business and expanding DOCOMO's value-added services in Asia-Pacific.
DOCOMO will also work together with VMG's largest stakeholder, Vietnam Posts and Telecommunications Group (VNPT), the country's largest telecom operator, which holds about 29% stake in the company, to promote VMG's business.
*1 VND = 0.00373 yen as of July 31, 2011
About NTT DOCOMO
NTT DOCOMO is the world's leading mobile operator and provider of advanced mobile services. The company serves over 56 million customers in Japan, including 49 million using i-mode(TM), the world's most popular mobile e-mail/Internet platform, and 54 million using FOMA(TM), 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 DOCOMO is listed on the Tokyo (9437), London (NDCM) and New York (DCM) stock exchanges.
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