DoCoMo Partially Denies Hutchinson 3UK Pullout
NTT DoCoMo has denied media reports here that it is pulling out its stake in Hutchinson 3G UK Holdings Ltd. after Hutchinson failed to roll out i-mode. In a statement today, DoCoMo said it “has made no decision about ending its investment in Hutchison 3G UK Holdings Limited,” but stopped short of fully denying local reports that it was pulling the plug on its July 2000-acquired 20% interest in Hutchison 3GUK for about 186 billion yen, the book value of which has withered to under 40 billion yen as the joint venture struggled to launch its 3G service.