NTT DOCOMO has acquired an approximately 25 percent stake in Vietnam’s largest mobile content provider, VMG Media, which has a market share of 25 percent in the country.
The stock purchase, worth approximately 370 billion Vietnam Dong or about 1.4 billion Japanese yen, 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 percent stake in the company, to promote VMG’s business.
NTT DOCOMO serves over 56 million customers in Japan, including 49 million using i-mode, the world’s most popular mobile e-mail/Internet platform, and 54 million using FOMA, the world’s original 3G mobile service based on W-CDMA.
By Telecomlead.com Team