NTT DoCoMo buys part of Fuji Television Network
It’s not just in the U.S. that mobile phone companies and cable companies are teaming up. NTT DoCoMo, the Japanese mobile phone giant, has bought a piece of Fuji Television Network. It’s only a 2.6 percent share, but it signifies a growing partnership between the countries.
The companies are looking for ways to link their businesses. DoCoMo has seen their voice based revenues fall, so they are looking for new sources of revenue to keep the books black. Obviously, the two companies will work to create technology and services for terrestrial digital broadcasting for cell phones. They will also work on ways to combine their services for consumers.
NTT DoCoMo is investing $178.5 million for their share of Fuji. The deal is scheduled to be completed on January 11. Deals like this seem to be a trend for DoCoMo, who also recently bought a stake in KTF. Clearly, they feel more comfortable owning a piece of their partners to make sure that the deal lasts and is mutually beneficial.
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