Wednesday, 24 October 2018

interTouch to Acquire MagiNet


Friday 21 December 07

TOKYO, JAPAN, December 21, 2007 --- NTT DoCoMo, Inc. announced today that interTouch Pte. Ltd.(interTouch), its wholly-owned subsidiary, has agreed with the primary shareholder of MagiNet Pte. Ltd.(MagiNet) to fully acquire MagiNet for approximately US$150 million…

TOKYO, JAPAN, December 21, 2007 --- NTT DoCoMo, Inc. announced today that interTouch Pte. Ltd.(interTouch), its wholly-owned subsidiary, has agreed with the primary shareholder of MagiNet Pte. Ltd.(MagiNet) to fully acquire MagiNet for approximately US$150 million. Both companies are Singapore-based providers of high-speed wired/wireless broadband connectivity services and applications primarily to hotels, management companies and travelers worldwide. DoCoMo will provide additional funding of up to US$191 million to interTouch, which includes funds to be allocated to service debt and to facilitate its integration with MagiNet. With this acquisition, interTouch's reach will expand to 950 hotels in 63 countries, making it a top class high-speed Internet access service provider in the hospitality industry within the Asia-Pacific region. The acquisition will simultaneously enhance DoCoMo's continuing efforts to create a "ubiquitous and seamless environment" on a global scale. About NTT DoCoMo NTT DoCoMo is the world's leading mobile communications company. DoCoMo serves over 53 million customers, including 40 million people subscribing to FOMA, launched as the world's first 3G mobile service based on W-CDMA in 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 DoCoMo is listed on the Tokyo (9437.TO), London (NDCM.LN) and New York (DCM) stock exchanges. For more information, visit www.nttdocomo.com.

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