DoCoMo has closed the deal to buy 10% of KTF, agreeing to pay 565 billion won ($557 million) for 20.2 million shares — a 15% premium on the stocks three-month average. The deal is mostly in new shares issued by KTF, so it is actually an investment rather than just a buy…The sale will be completed by the end of this month, the companies said in separate statements.
“The two companies will develop phones that can be used in both countries, which account for 35 percent of the world’s customers for high-speed wireless services. DoCoMo is seeking partners in Asia to cut costs and develop handsets that work in multiple countries after posting losses of about $8.5 billion from investments in the U.S. and Europe in the past four years.”
The article indicates this investment is different from the previous ones, in that “it’s linked to more visible benefits such as lower costs by procuring handsets or developing software together”…a saving on 1 trillion won over the next 7 years is bandied about.
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–KTF + DoCoMo = ???
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