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NTT DoCoMo Purchases a $9.8 billion Stake in AT&T Wireless

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TOKYO, Dec. 1 -- In a move to establish its IMT-2000 mobile communications system and related mobile Internet services in the US market, Japan's biggest mobile phone company, NTT DoCoMo Inc., has agreed to buy a 16 percent stake in AT&T Wireless. NTT DoCoMo will pay $6.2 billion to AT&T Wireless and $3.6 billion to AT&T, which puts AT&T Wireless' tracking stock at $23.50 per share -- 31 percent higher than its closing price as of Nov. 28. The Alliance integrates AT&T Wireless's nationwide network infrastructure with NTT DoCoMo's i-mode-based mobile Internet technology, which enables users...Read full article

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    Published: December 2000
    CommunicationsNews & Features

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