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NTT DoCoMo and KT Freetel just announced that in November they will set up a venture fund in Korea to invest in promising mobile and IT firms. Through the fund, DoCoMo and KTF expect to identify promising companies for tie-ups in technology and other opportunities in the mobile and IT sectors. The fund will will operate for six years, with an option for a two-year extension, and will be managed by KTBnetwork Co., Ltd.
DoCoMo and KT Freetel will each invest 13.5 billion won (1.7 billion yen), in the fund, named as KTF-NTT DoCoMo Mobile Investment Limited Partnership, each taking a 45 percent stake. KTBnetwork will invest 3 billion won (378 million yen) for the remaining 10 percent stake. Joint investment undertakings are one of the goals of the business and capital partnership agreement concluded between DoCoMo and KTF on December 15, 2005. Official announcement Here.
Some sage advise when entering new turf; Stop, Look and Listen.. it’s also good to secure a local guide. Japan is the cradle of mobile civilization – we have been dedicated to this space since 2001 – trust our archives here offer some useful material.
Domestic activities continue to set the pace, and sharp players are looking at global markets. We have hard-earned industry expertise and trusted network of contacts with access to advanced intell. and potential deal flow. Need a lift.. Ok, buckle-up!