Wednesday, December 14, 2005

NTT DoCoMo and KT Freetel Enter Partnership

NTT DoCoMo announced a strategic partnership with KT Freetel, the second largest mobile operator in Korea with 12 million subscribers. DoCoMo will invest approximately KRW 564.9 billion (approximately JPY 65.5 billion) to acquire a 10% stake in KTF.

NTT DoCoMo said the alliance enables both companies to provide better services to customers in their respective markets through the development and promotion of mobile technologies and applications. The nationwide deployment and early stabilization of KTF's W-CDMA network, with DoCoMo's technical support, is key to achieving these objectives

  • KTF launched its EV-DO service in 2002.