TOKYO, JAPAN, December 18, 2003 --- NTT DoCoMo, Inc. ("DoCoMo") announced today that it made a decision to liquidate NTT DoCoMo Telecomunicações do Brasil Limitada, a wholly owned subsidiary of DoCoMo. Details of the decision are as follows.
- Outline of the subsidiary
Company name: NTT DoCoMo Telecomunicações do Brasil Limitada Address: Praia de Botafogo, 228-Sala 1109
CEP 22359-900 Rio de Janeiro-RJ Brasil
Representative: Eikichi Suzuki Business: -Monitoring of Tele Sudeste Celular
Participações S.A. (Tele Sudeste) and its affiliated companies based on an outsourcing contract with DoCoMo.
-Mobile communications technology consulting
Date established: March 1999 Capital: 1,354,520 Brazil reals Number of shares issued: 1,354,520 shares Fiscal year-end: December 31 Number of employees: 9 (as of June 30, 2003) Major business partner: Tele Sudeste Shareholders: DoCoMo owns 1,354,500 shares, 99.99%
- Reasons for Liquidation
DoCoMo established the subsidiary in March 1999 to monitor and provide support to mobile operator Tele Sudeste. The dissolution of NTT DoCoMo Telecomunicações do Brasil Limitada will coincide with the expiration of DoCoMo's technical support agreement with Tele Sudeste. In light of the change, DoCoMo has concluded that the mission of NTT DoCoMo Telecomunicações do Brasil Limitada l will have been fulfilled.
Liquidation is expected to be completed by November, 2004.
- Impact on DoCoMo's Results of Operations
The liquidation is not expected to have any significant impact on DoCoMo's consolidated or non-consolidated results of operations. The liquidation does not affect the forecast of DoCoMo's results of operations for the fiscal year ending March 31, 2004.
About NTT DoCoMo
NTT DoCoMo is the world's leading mobile communications company with more than 47 million customers. The company provides a wide variety of leading-edge mobile multimedia services. These include i-mode®, the world's most popular mobile internet service, which provides e-mail and internet access to over 40 million subscribers, and FOMA®, launched in 2001 as the world's first 3G mobile service based on W-CDMA. In addition to wholly owned subsidiaries in Europe and North and South America, the company is expanding its global reach through strategic alliances with mobile and multimedia service providers in Asia-Pacific, Europe and North and South America. NTT DoCoMo is listed on the Tokyo (9437), London (NDCM), and New York (DCM) stock exchanges. For more information, visit www.docomo.ne.jp/english
i-mode and FOMA are trademarks or registered trademarks of NTT DoCoMo, Inc. in Japan and other countries.
NTT DoCoMo's FOMA service is available only to subscribers in Japan.