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NTT DoCoMo expansion.

Telecommunications Americas

| January 01, 2001 | Weiss, Ed | This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TOKYO -- Japan's NTT DoCoMo, the world's top telecoms firm by market value, is to buy 16 per cent of AT&T Wireless Group for US$9.9 bn ([epsilon]10.9 bn), which will give the Japanese company director positions in the US operator. Additionally, NTT DoCoMo will take a 20 per cent stake in Taiwan's third-largest mobile carrier. KG Telecom. for [yen]60 bn ([epsilon]592 m).

DoCoMo's buying into AT&T Wireless is part of a strategy to turn its i-mode internet access service into a global standard, and should place the Japanese operator in a better position to meet competition from the Vodafone Group. AT&T Wireless is the third largest mobile phone company in the US, which is the world's largest market with over 100…

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