DoCoMo Europe Subsidiary to Close

NTT DoCoMo just announced that DoCoMo Europe (France) S.A.S., a wholly owned subsidiary of DoCoMo Europe Ltd., will be closed at the end of this year and a representative office in Paris will be established in January 2008. With the main role of the subsidiary now reduced to the monitoring of the European telecom industry, DoCoMo has decided to replace it with a representative office that will liaise in matters related to DoCoMo’s business interests in Europe.

DoCoMo established the subsidiary in 1998 to liaise with European entities involved in harmonizing UMTS third-generation technologies with the ITU’s IMT2000 standard for 3G communications system. Formal liquidation of DoCoMo Europe (France) will be completed by June 2008.

Outline of Subsidiary to be Closed Name: DoCoMo Europe (France) S.A.S.
Address: Washington Plaza, 40 rue Washington 75408 Cedex 08, Paris, France
Representative: Yuichi Kato
Established: August 1998
Capital: 800,000 euros
Issued shares: 50,000
Fiscal year-end: December 31
Shareholder: DoCoMo Europe Ltd. (100%)

The liquidation is not expected to have any significant impact on DoCoMo’s consolidated or non-consolidated operating results. Therefore, no revision is required in the company’s earnings forecasts for the fiscal year ending March 31, 2008.

Tags: 3G, DoCoMo, UMTS

Posted: 19 November 2007 | Filed: Carriers, European Market | Feedback | Print |