Invests in iTouch Invests in iTouch Invests in iTouch Invests in iTouch U.K., a wholly owned subsidiary of of Japan, announced August 9 that it will invest 8 million Euros ($9.8mil) in London-based leading content provider iTouch in mid-August in order to further accelerate its business globalization effort. U.K. will own a 4.5% stake in iTouch. With’s financial support, the UK partner plans to acquire Jippii, the leading content provider that mainly operates in Russia, to expand its service offerings in Europe.

iTouch is currently offering a wide variety of mobile content services in Europe, South Africa, and Australia, and generated sales of 12.5 billion yen ($112.6mil) in the mobile content business in fiscal 2003. According to Corporate Finance Partners, the mobile content market in Europe is expected to grow 133.2% to 446.8 billion yen ($4.03bil) between 2003 and 2006. Via: Japan Corporate News Network