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DoCoMo announced they acquired 25% of Vietnam’s largest mobile content provider, VMG Media, for $18M usd: http://bit.ly/mXmmYs
They opened an office in Hanoi Sept. 2007 = great to see them get in the game.. [Eds]
NTT DOCOMO, INC. announced today that it has acquired an approximately 25% stake in Vietnam’s largest mobile content provider, VMG Media Joint Stock Company (VMG), which owns a market share of roughly 25% in the country. The stock purchase, worth approximately 370 billion Vietnam Dong or about 1.4 billion Japanese yen, represents NTT DOCOMO’s first investment in Vietnam.
VMG offers both content and content platforms. With its investment, DOCOMO will share its expertise and know-how with VMG, such as in content distribution, with the aim of boosting VMG’s business and expanding DOCOMO’s value-added services in Asia-Pacific.
DOCOMO will also work together with VMG’s largest stakeholder, Vietnam Posts and Telecommunications Group (VNPT), the country’s largest telecom operator, which holds about 29% stake in the company, to promote VMG’s business. Via: JCNN
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!