DOCOMO to Increase Investment in mmbi Inc.
Tokyo, Nov 29, 2011 – (JCN Newswire) – NTT DOCOMO INC. announced today that it will subscribe to a new share issuance through a third-party share allotment by its subsidiary mmbi, Inc., an approved key terrestrial broadcasting business operator for mobile reception of “Mobacas” V-High multimedia broadcasting services, in accordance with today’s mmbi board resolution.
DOCOMO, aiming at further expansion of its group’s business scope, will purchase 584,380 shares of mmbi’s common stock for 29.219 billion Japanese yen, raising its shareholding from 51.0% at present to 60.45%.
DOCOMO, which is transitioning into an integrated service company placing mobility at the core, will continue to fully support mmbi’s “NOTTV”, broadcasting station for smartphones, by offering compatible handsets to DOCOMO customers.
Outline of subscription for new share issuance through third-party share allotment
1. Share allotment date: December 6, 2011
2. Subscribed shares: 584,380 common shares (Total shares owned by DOCOMO after subscription: 599,680 common shares)
3. Amount of subscription: 29.219 billion Japanese yen (Total investment by DOCOMO after subscription: 29.984 billion Japanese yen)
4. Subscription price: 50,000 Japanese yen per share
About NTT DOCOMO
NTT DOCOMO is a world-leading mobile operator and growing provider of comprehensive services centered on mobility. The company serves over 58 million customers in Japan via advanced wireless networks, including a nationwide 3G network and one of the world’s first commercial LTE networks. Leveraging its unique capabilities as a mobile operator, DOCOMO is a leading developer of cutting-edge technologies for NFC mobile payments, mobile GPS, mobile TV, intuitive mobile assistance, environmental monitoring, smart grids and much more. Overseas, the company provides technical and operational expertise to eight mobile operators and other partner companies. NTT DOCOMO is listed on the Tokyo (9437), London (NDCM) and New York (DCM) stock exchanges. Please visit www.nttdocomo.com for more information.
Source: NTT DOCOMO
Eijun Tanaka or So Hiroki International PR Public Relations Department Tel: +81-3-5156-1366 Fax: +81-3-5501-3408 Website: www.nttdocomo.com Inquiries may also be made through the following URL: http://www.nttdocomo.com/contact>
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