FCC Approves Guam Cellular Acquisition
DoCoMo announced today that it has received approval from the U.S. regulatory authority, the Federal Communications Commission (FCC), for the company’s 100% acquisition of Guam Cellular. The agreement was concluded on March 20, 2006 in the amount of $71,800,000. Under the terms of the deal, DoCoMo will complete the 100% acquisition of Guam Cellular through its established holding company, after which it will acquire the business of Guam Wireless through Guam Cellular and merge the two companies.
DoCoMo will also provide additional funds of up to US$6,500,000 to strengthen the newly formed company’s facilities and infrastructure. Payment will be completed as soon as all the closing conditions have been satisfied. DoCoMo also plans in the future to introduce a W-CDMA network for 3G services utilizing Guam Cellular’s frequency. Continue>>