Japan's NTT DoCoMo plans to buy foreign companies
The company NTT DoCoMo, Japan's largest mobile operator, intends to hold a series of corporate acquisitions outside of Japan to keep up with the company SoftBank, which buys telecommunications assets in the U.S. and increases the scale of the financial and organizational activities. Kaoru Kato, CEO of NTT DoCoMo, said that if the appropriate opportunities present themselves, the company will discuss the possibility of purchase of assets outside of Japan.
He acknowledged that the appetite DoCoMo has come quite a long time, the first thought on foreign purchases of Japanese companies have emerged in the early 2000s , during the dotcom boom. Between 1998 and 2001, the then DoCoMo President Keiji Tachikawa actively invested in minority stakes in foreign companies, such as American AT & T, as well as the Dutch KPN.
But after a few years, this policy has led to losses DoCoMo. For example, in 2000 20% of the operator Hutchison UK was bought for 1.2 billion pounds, and four years later the package was sold 10 times cheaper. Now the company is planning though foreign merger, the money will not be squandered it. This time, the operator intends to focus on M & A-policy mainly in the Asia-Pacific region. The market in Europe is also in the sight of the operator, but only after Japan's neighboring regions.
"Everything will depend on the specific features of the market and the specific strategy," - says Cato. Analysts say foreign markets NTT DoCoMo interested, as the case in Japan, the company deteriorated and significant prospects here are not visible. In the past fiscal year, the operator's customer base has shrunk by 1.4 million subscribers.
Not the best way things are and the Japanese mobile operator SoftBank, which went for broke and sent 21.6 billion dollars to buy the third largest U.S. Sotovik Sprint Nextel. Sources at NTT said that earlier statement discussing the possibility of investing in the Indian mobile market in particular the purchase of a share in the company of Tata Teleservices. In 2007, contracts signed, and NTT has received 26% of the company, but a significant profit and there has not been received.
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