NTT DoCoMo Plans 30 Percent Stake In Japanese Internet Company


NTT DoCoMo (NYSE: DCM) is planning to invest about 10 billion yen ($94.8 million) in NTT Resonant, an Internet company that supports a Web portal called goo, and hosts digital content, such as video and music, according to Forbes, which quoted an article in the Nikkei newspaper. The investment will result in a 30 percent stake in NTT Resonant by purchasing shares in a private placement this month. The article said through its investment, it will offer its cell phone subscribers to download games, or watch high-resolution videos on a PC. This sounds a bit odd because initially you’d assume that they’d want to adapt the content for the mobile phone, however, it could be apart of the Japanese mobile phone operator’s strategy of beefing up its content portfolio.

In January, the largest Japanese cellphone operator, bought a 3 percent stake in Nippon Television Network for 13.3 billion yen ($111 million), and more than a year ago, it acquired a 2.6 percent stake in Fuji Television Network, Japan

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