DoCoMo Doubles Zenrin Stake
DoCoMo doubles equity in Zenrin map service to 20% – at $2,400 per share – $7.2M investment, 2nd largest shareholder [J] http://bit.ly/euBu2
NTT DoCoMo announced on the 24th that they would do an additional investment to Zenrin DataComm that delivered map information for the Internet in the Zenrin subsidiary company. DoCoMo improves the ratio of capital contribution from 10.2% to 20.6% dated September 10 according to the allocation of new shares to a third party of the Zenrin data. The amount of the payment is 240,000 yen per stock, and total is 729 million yen. DoCoMo becomes a 2nd place stockholder following Zenrin that is the parent company of the Zenrin data.
DoCoMo was on business and entered capital participation in the Zenrin data in June, 2007. It will stuff with concrete time and choosing a suitable person in the future though talent who assumes the position from DoCoMo of the director class of the Zenrin data is scheduled to be sent along with this additional investment. As for DoCoMo, the preparation for making of advanced cell phone standard “LTE” by which it is high-speed and a large capacity can communicate a business is advanced, and the location-based service for carrying like the map and sightseeing information etc. on the underground shopping center is scheduled to be strengthened. Via Nikkei.