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  • DoCoMo Exits Stake in U-Mobile

    DoCoMo will sell it’s entire Malaysian U-Mobile stake of 16.5% to majority shareholder UTV for $100M = 0 loss/gain PR: http://bit.ly/5kmka

    Via DoCoMo PR

    NTT DOCOMO, INC. announced today that it will sell its shareholding in U Mobile Sdn. Bhd. (U Mobile), a Malaysian 3G mobile operator, for USD 100 million - the same amount DOCOMO originally invested for the shares.

    Under an agreement with major stakeholders, DOCOMO will sell its entire stake - amounting to 16.5% of U Mobile’s outstanding shares - to the majority shareholder, U Television Sdn. Bhd. (UTV).

    Posted: 15 September 2009 | Filed: tweets | Feedback | Print |
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