Japanese giant NTT – the largest telco in the world by revenue – has revealed has announced the completion of a 7% stake sale in PLDT to NTT DoCoMo. The deal halves the 14% NTT previously held. Although there’ll be no cash boost to PLDT, the Filipino telco’s Chairman Manuel Pangilinan said the deal was important given the recent 3G licence award to PLDT’s mobile division Smart Communications, and DoCoMo’s experience of providing next generation services in Japan. The Japanese cellco will now receive a seat on the 15-member PLDT board. The deal follows increased co-operation between Smart and DoCoMo: in February 2006 Smart revealed plans to launch i-mode services, the proprietary mobile internet technology developed by DoCoMo.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors