1. Home
  2. Press release
Aug 10, 2011 15:52 JST

Source: NTT DOCOMO

NTT DOCOMO to Invest in Vietnam's VMG Media JSC

TOKYO, Aug 10, 2011 - (ACN Newswire) - NTT DOCOMO, INC. announced today that it has acquired an approximately 25% stake in Vietnam's largest mobile content provider, VMG Media Joint Stock Company (VMG), which owns a market share of roughly 25% 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% stake in the company, to promote VMG's business.

*VND = 0.00373 yen as of July 31, 2011

Contact:
Eijun Tanaka or Yukie Sugaya
International PR
Public Relations Department
Tel: +81-3-5156-1366
Fax: +81-3-5501-3408
Website: www.nttdocomo.com
Inquiries may also be made through the following URL:
http://www.nttdocomo.com/contact
Source: NTT DOCOMO
Sectors: Media & Marketing, Daily Finance, Daily News

Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Related Press Release

Alphaus enters Singapore Cloud Financial Management market with Cloud Comrade win
July 29 2021 08:00 JST
 
Asian E-Tailing Summit closes
December 14 2020 21:00 JST
 
AVIA records biggest turnout yet for the Asia Video Summit 2020
November 24 2020 06:00 JST
 
DOCOMO, China Mobile, KT Agree to Joint Wi-Fi(TM) Inbound Roaming
February 25 2013 19:00 JST
 
DOCOMO, China Mobile and KT Agree on Requirements to realize NFC International Roaming
February 25 2013 18:50 JST
 
DOCOMO interTouch Announcing 'FREEDOM CHECK IN' Powered by OpenWays Mobile Key to Add Front Desk Bypass Solution to its Offering
April 10 2012 10:00 JST
 
DOCOMO to Begin Selling Samsung GALAXY S on October 28
October 21 2010 15:00 JST
 
CommunicAsia2010 and BroadcastAsia2010 a Resounding Success
June 18 2010 18:10 JST
 
CommunicAsia2010 and BroadcastAsia2010 Opens Today With Plethora of Business Opportunities
June 15 2010 12:00 JST
 
DOCOMO to Begin Pre-launch Operation of LTE Network
June 08 2010 14:21 JST
 
More Press release >>

Latest Press Release


Resorttrust Group and Mitsubishi Corporation Launch Joint Study in Medical Tourism
Nov 15, 2024 12:32 JST

Fujitsu collaborates with global suppliers in decarbonization initiative to exchange product-level primary data on CO2 emissions
Nov 15, 2024 10:13 JST

TANAKA Successfully Develops the World's First[1] Manufacturing Technology for Platinum Materials with Nano-Sized Crystal Grains
Nov 15, 2024 04:00 JST

myBillBook Leverages CleverTap to Elevate Customer Engagement and Drive Revenue Growth
Nov 14, 2024 20:00 JST

ULVAC Launches Oil Rotary Vacuum Pump Gv135
Nov 14, 2024 10:00 JST

MHI Publishes MHI REPORT 2024
Nov 13, 2024 16:52 JST

SoftBank Corp. and Fujitsu Strengthen Partnership for Realization of AI-RAN Commercialization
Nov 13, 2024 12:38 JST

Predictive Heart Monitoring Startup, GPx, Secures New Investment From NEC X; Joins Elev X! Boost Venture Studio Program
Nov 13, 2024 12:05 JST

NEC receives order for next-generation supercomputer system from Japan's National Institutes for Quantum Science and Technology and National Institute for Fusion Science
Nov 13, 2024 11:16 JST

All-New Triton Wins Special Award at the RJC Car of the Year for 2025
Nov 12, 2024 22:09 JST

Toyota: HySE to participate in the Dakar 2025 "Mission 1000 ACT2" with the HySE-X2, to tackle further technical challenges
Nov 12, 2024 20:04 JST

NEC participates in COP29 climate change conference
Nov 12, 2024 19:25 JST

JA Mitsui Leasing and Fujitsu collaborate on simulation-driven field trials to optimize commercial EV adoption and drive decarbonization
Nov 12, 2024 13:57 JST

Macnica publishes Integrated Report on the theme of 'An Introductory Guide to Macnica's Mechanism'
Nov 12, 2024 13:00 JST

Hitachi: Established the Open Source Program Office (OSPO) to Globally Lead the Strategic Utilization of OSS
Nov 11, 2024 10:31 JST

Transgene and NEC Present New Data Confirming Clinical Proof of Principle for Neoantigen Cancer Vaccine, TG4050, in Head & Neck Cancer at SITC 2024
Nov 08, 2024 10:31 JST

Hitachi High-Tech and University of Tokyo Promote Joint Research for the Practical Application of High-resolution Laser-PEEM in the Semiconductor Field
Nov 07, 2024 18:19 JST

Mitsubishi Motors Acquires Its Own Shares from Nissan
Nov 07, 2024 17:20 JST

Honda Signs Sponsorship Agreement to Provide Electrified Vehicles at World Athletics Championships Tokyo 25
Nov 07, 2024 17:10 JST

Home of Fujitsu joint conservation project designated as first Nationally Certified Sustainably Managed Natural Site in Okinawa
Nov 07, 2024 14:51 JST
 More Latest Release >>