Qualcomm and Teleepoch
Enter Into a 3G CDMA Subscriber Unit License Agreement, October
6, 2007
MTN chooses Cambridge Broadband
Networks for multi-service wireless network in Rwanda, October 6,
2007
Brazilian government to
publish 3G bidding rules soon, October 6, 2007
KTF 3G service suffers
from technical problems, October 6, 2007
Argentina’s Personal
lunches 3G service in Rosario, October 6, 2007
Russia has it's first 3G
network, October 6, 2007
AT&T could drop Alcatel-Lucent
as 3G mobile network supplier, October 6, 2007
Enea Extends License Agreement
with ZTE for 3G Handsets, October 2, 2007
LG to unveil premium handsets
in Brazil, October 2, 2007
KTF 3G subscribers doubled
in less than 3 months, October 2, 2007
3G policy in India will
be non-uniform, October 2, 2007
- previous news
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DoCoMo agrees to Far EasTone acquisition of KG Telecom
October 8, 2003
Japan's NTT DoCoMo announced that it has agreed to a plan by South Korea's
KG Telecommunications, in which DoCoMo holds a 21.4% stake, to enter into
a Purchase Agreement with Far EasTone Telecommunications, Taiwan's third
largest mobile operator. Under the agreement, each KG Telecom share will
be converted into 0.46332 Far EasTone shares plus NT$6.72 (US$0.167).
As a result, KG Telecom will become a 100% subsidiary of Far EasTone.
The transaction is expected to be completed around March 2004. Upon completion
of the transaction, DoCoMo will become a 4.9% shareholder in Far EasTone,
and will receive NT$2,506 million in cash.
In line with this move, DoCoMo also announced that it has concluded a
memorandum of understanding with Far EasTone to collaborate on the W-CDMA
3G and i-mode mobile phone businesses in Taiwan. Based on the memorandum,
both companies will also work to maximize the synergy effects of the 3G
platform, international roaming services, and joint procurement of handsets
and other equipment.
In addition, DoCoMo will continue to promote the i-mode business that
KG Telecom is currently handling in the Taiwanese market. The newly merged
company will take over this role following the acquisition.
Since the start of its equity participation in 2001, DoCoMo has been
actively involved in KG Telecom's business through management participation,
technical assistance etc. This merger will enable DoCoMo to secure a more
solid base in Taiwan, and increase economic value via further development
of i-mode services and steady realization of 3G business.
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