martyn_williams
Senior Correspondent

NTT DoCoMo to take stake in Japanese TV network

news
Dec 21, 20051 min

Japan to begin digital television broadcasting aimed at cell phones in April

NTT DoCoMo Inc. will acquire a minor stake in one of Japan’s biggest commercial TV broadcasters, the carrier said Wednesday.

NTT DoCoMo, which is Japan’s largest cellular carrier, plans to acquire a 2.6 percent stake in Fuji Television Network Inc. on Jan. 11, 2006 for ¥20.7 billion (US$178.4 million), it said in a statement.

The deal started with an approach Fuji TV made to NTT DoCoMo regarding ways that digital broadcasting could be linked with cell phones, said Miki Nakajima McCants, a spokeswoman for DoCoMo in Tokyo. Japan will begin a digital television broadcasting aimed at cell phones and other mobile devices on April 1 next year and the two are looking at the market for a linked service.

At present, NTT DoCoMo isn’t talking with any of Japan’s other major broadcasters regarding such services but the Fuji TV deal isn’t exclusive, said Nakajima McCants.

The investment is the second major deal that NTT DoCoMo has announced in the last week. On Dec. 15, NTT DoCoMo said it will take a 10 percent stake in KTF Co. Ltd., South Korea’s second-largest cellular carrier, for 565 billion won (US$563 million).