Raising their holdings from 50 to 60% indicating full support for the NOTTV mobile TV broadcast platform: http://bit.ly/uDUTdU
As was indicated in their Medium-Term Vision statement released earlier this month [Eds]
NTT DOCOMO, INC. announced today that it will subscribe to a new share issuance through a third-party share allotment by its subsidiary mmbi, Inc., an approved key terrestrial broadcasting business operator for mobile reception of Mobacas V-High multimedia broadcasting services, in accordance with today’s mmbi board resolution.
DOCOMO, aiming at further expansion of its group’s business scope, will purchase 584,380 shares of mmbi’s common stock for 29.219 billion Japanese yen, raising its shareholding from 51.0% at present to 60.45%.
Outline of subscription for new share issuance through third-party share allotment
1. Share allotment date: December 6, 2011
2. Subscribed shares: 584,380 common shares
(Total shares owned by DOCOMO after subscription: 599,680 common shares)
3. Amount of subscription: 29.219 billion Japanese yen
(Total investment by DOCOMO after subscription: 29.984 billion Japanese yen)
4. Subscription price: 50,000 Japanese yen per share
DOCOMO, which is transitioning into an integrated service company placing mobility at the core, will continue to fully support mmbi’s “NOTTV”, broadcasting station for smartphones, by offering compatible handsets to DOCOMO customers.