|
|
Article: KT Freetel and NTT DoCoMo to Jointly Invest in Malaysia's U Mobile.
- Article from:
- JCN Newswires
- Article date:
- December 3, 2007
CopyrightCOPYRIGHT 2007 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)
|
Tokyo, Japan, Dec 3, 2007 - (ACN Newswire) - KT Freetel Co., Ltd. and NTT DoCoMo, Inc. today announced that they have agreed to jointly invest in U Mobile Sdn Bhd, a new Malaysian 3G mobile operator that is scheduled to launch commercial service in 2008. The two companies will collectively acquire 33 percent control of the new market entrant.
Upon approval of the Malaysian government, KTF and DoCoMo will invest 100 million U.S. dollars respectively through third-party allotment of new shares, giving each company 16.5 percent shares with voting rights.
KTF and DoCoMo will jointly participate in U Mobile's management and draw on their 3G expertise to ...