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Article: NTT DoCoMo to Acquire Guam Cellular and Guam Wireless.
- Article from:
- JCN Newswires
- Article date:
- March 20, 2006
CopyrightCOPYRIGHT 2006 Japan Corporate News Network K.K. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Tokyo, Japan, Mar 20, 2006 - (JCN Newswire) - NTT DoCoMo, Inc. announced today that the company will wholly acquire Guam Cellular & Paging, Inc. (Guam Cellular) and Guam Wireless Telephone Company, LLC (Guam Wireless) for the total amount of US $71,800,000. Both companies provide mobile services in Guam and the Northern Mariana Islands.
DoCoMo will establish a holding company to acquire 100% of the shares of Guam Cellular. It will then acquire the business of Guam Wireless through Guam Cellular and merge the two companies. DoCoMo will also provide additional funds up to approximately US$6,500,000 to strengthen the newly merged company's facilities and ...