NTT DoCoMo to Acquire Guam Cellular and Guam Wireless
TOKYO, JAPAN, March 20, 2006 --- NTT DoCoMo, Inc. announced today that the company will wholly acquire Guam Cellular & Paging, Inc. (Guam Cellular) and Guam Wireless Telephone Company, LLC (Guam Wireless) for the total amount of US$71,800,000. Both companies provide mobile services in Guam and the Northern Mariana Islands.
DoCoMo will establish a holding company to acquire 100% of the shares of Guam Cellular. It will then acquire the business of Guam Wireless through Guam Cellular and merge the two companies. DoCoMo will also provide additional funds up to approximately US$6,500,000 to strengthen the newly merged company’s facilities and infrastructure.
The acquisitions will be finalized as soon as approval is received from U.S. regulatory authorities overseeing communication services in these territories.
The acquisitions will enable DoCoMo to better serve many Japanese travelers who visit Guam and the Northern Mariana Islands, and enable the islands’ residents to benefit from DoCoMo’s world-leading mobile technology. Such efforts will include, for example, enhancing the quality of GSM network and adding GPRS capability to launch packet roaming services. DoCoMo also aims to introduce a W-CDMA network for 3G services utilizing Guam Cellular’s frequency band in the future.
Guam Cellular provides a CDMA service under the “Guamcell Communications” and “Saipancell Communications” brands. Guam Wireless, which provides a GSM service under the “HafaTEL” brand, is DoCoMo’s roaming partner in the two territories.
About NTT DoCoMo
NTT DoCoMo is the world’s leading mobile communications company, serving more than 50 million customers. The company offers a wide variety of leading-edge mobile multimedia services, including i-mode™ which provides e-mail and Internet access to over 45 million subscribers as the world’s most popular mobile Internet service, and FOMA™, launched in 2001 as the world’s first 3G mobile service based on W-CDMA. In addition to wholly owned subsidiaries in Europe, North America and Asia, the company is expanding its global reach through strategic alliances with mobile and multimedia service providers in Asia-Pacific and Europe. NTT DoCoMo is listed on the Tokyo (9437), London (NDCM) and New York (DCM) stock exchanges. For more information, visit www.nttdocomo.com.
i-mode and FOMA are trademarks or registered trademarks of NTT DoCoMo, Inc. in Japan and other countries.
NTT DoCoMo’s FOMA service is only available to subscribers in Japan.
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