DoCoMo Buys $29M Stake In U.S. Technology Provider

DoCoMo signed a joint venture and share subscription agreement with Ultra d.o.o., a Slovenian technology company. Under the agreement, DoCoMo will acquire a 49-percent equity stake in Telargo Inc., Ultra’s wholly owned U.S. mobile assets management service provider, for $28.6 million…Telargo’s service is based on a mobile asset management platform providing companies with fleet and workforce management tools to streamline their businesses. Telargo plans to offer its service worldwide starting in the fall.”

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