DoCoMo Exits Stake in U-Mobile
DoCoMo will sell it’s entire Malaysian U-Mobile stake of 16.5% to majority shareholder UTV for $100M = 0 loss/gain PR: http://bit.ly/5kmka
Via DoCoMo PR
NTT DOCOMO, INC. announced today that it will sell its shareholding in U Mobile Sdn. Bhd. (U Mobile), a Malaysian 3G mobile operator, for USD 100 million – the same amount DOCOMO originally invested for the shares.
Under an agreement with major stakeholders, DOCOMO will sell its entire stake – amounting to 16.5% of U Mobile’s outstanding shares – to the majority shareholder, U Television Sdn. Bhd. (UTV).