TOKYO, SEOUL, October 10, 2007 ---
DoCoMo and KT Freetel will each invest 13.5 billion won (1.7 billion yen), in the fund, named as
Through the fund,
Joint investment undertakings are one of the goals of the business and capital partnership agreement concluded between DoCoMo and KTF on December 15, 2005.
The fund will operate for six years, with an option for a two-year extension.
- About NTT DoCoMo
NTT DoCoMois the world's leading mobile communications company. DoCoMo serves about 53 million customers, including 40 million people subscribing to FOMA™, launched as the world's first 3G mobile service based on W-CDMAin 2001. DoCoMo also offers a wide variety of leading-edge mobile multimedia services, including i-mode™, the world's most popular mobile e-mail/Internet service, used by more than 47 million people. With the addition of credit-card and other e-wallet functions, DoCoMo mobile phones have become highly versatile tools for daily life. NTT DoCoMois listed on the Tokyo (9437), London (NDCM) and New York (DCM) stock exchanges. For more information, visit www.docomo.ne.jp/english.
- About KT Freetel
- KT Freetel has been at the forefront of developing the information and communications industry in Korea since its establishment in December 1997. Serving more than 13 million customers, KTF, a second largest operator in Korea, is dedicated to exploring open-ended possibilities and opportunities for mobile communications, digital convergence and wireless data services. As a global leader of wireless data services, KTF launched
EV-DOservice in 2002, making it the earliest mover to next generation network. The company offers a variety of multi-media services including MMS, telematics, real time TV broadcasting and video on demand. And as one of the two W-CDMAlicensee in Korea, KTF launched HSDPA network in 2006, which will provide a momentum for KTF to enhance its mobile service.
KTF is listed on the KOSPI (32390). For more information, visit www.ktf.com.