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4-Traders Homepage  >  Equities  >  Tokyo  >  Nippon Telegraph And Telephone Corp    9432   JP3735400008

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NTT : DOCOMO to Dissolve Communication Platform Planning Co., Ltd.(NTT DOCOMO)

04/02/2012 | 03:26am US/Eastern
NTT DOCOMO to Dissolve Communication Platform Planning Co., Ltd.

TOKYO, JAPAN, April 2, 2012 --- NTT DOCOMO, INC., announced today that it has terminated an agreement concerning the establishment of a joint venture company to develop and sell semiconductor products for mobile devices, which the company signed with Fujitsu Limited, Fujitsu Semiconductor Limited, NEC Corporation, Panasonic Mobile Communications Co., Ltd. and Samsung Electronics Co., Ltd. in December 2011.

The joint-venture agreement was terminated because a consensus on the details of the envisioned company could not be reached by the target deadline, the end of March.

As a result, Communication Platform Planning Co., Ltd., a wholly owned subsidiary that DOCOMO had established to prepare for the formation of the joint-venture company, will be liquidated in June.

About NTT DOCOMONTT DOCOMO is a world-leading integrated-services company centered on mobility. The company serves over 60 million mobile 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.
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This press release was issued by NTT - Nippon Telegraph & Telephone Corporation and was initially posted at http://www.nttdocomo.com/pr/2012/001586.html . It was distributed, unedited and unaltered, by noodls on 2012-04-02 09:07:38 AM. The issuer is solely responsible for the accuracy of the information contained therein.

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