DoCoMo to Acquire Singapore ISP
NTT DoCoMo, Inc. announced today that the company has agreed to make a 100% acquisition of inter-touch (BVI) Limited, a Singapore-based holding company of Internet providers who supply high-speed broadband connections and applications for business travelers at hotels across Asia-Pacific, Europe etc. The total purchase price will be US$70 million. inter-touch has capital in the amount of US$15.6 million. The company was established in 1998 and employs about 120 people.
The acquisition will enable DoCoMo to offer more options for Internet connection to its customers while they are travelling abroad, since inter-touch group companies offer wired/wireless LAN broadband services at 155 hotels (a total of about 50,000 rooms) in 28 countries worldwide. Via: NTT DoCoMo.