Thursday, September 11, 2008

NTT DOCOMO Invests $10 Million in Irish Maritime Wireless Systems Provider

NTT DOCOMO , INC. announced today that it has invested US$10 million to acquire an 11.5 percent stake in Blue Ocean Wireless (BOW), an Irish company providing GSM communication systems to the merchant maritime sector via satellite + on-board GSM base stations.

The acquisition is the latest joint endeavor between DOCOMO and its affiliate Philippine Long Distance Telephone Company (PLDT), including PLDT's wholly owned mobile subsidiary Smart Communications, Inc. (SMART), one of BOW's shareholders. As part of the arrangement, DOCOMO intends to assist BOW's management in adding value to its services for global maritime carriers.