Mar, 29 2019 19:25 JST

Source: NTT DOCOMO

NTT DOCOMO Agrees to Sell Stake in Hutchison Telephone


TOKYO, Mar, 29 2019 - (JCN Newswire) - NTT DOCOMO, INC. and Hutchison Telecommunications Hong Kong Holdings Limited (HTHKH) announced today that DOCOMO will sell its stake in Hutchison Telephone Company Limited (HTCL), a mobile network operator in Hong Kong and Macau, and Hutchison 3G HK Holdings Limited (H3GHK) to HTHKH, the major shareholder of HTCL and H3GHK, for 60 million US dollars.

HTHKH will purchase DOCOMO's entire 24.1% share of HTCL's stock and thereafter HTCL will become a wholly owned subsidiary of HTHKH. The contract was signed today and the actual transfer of shares will take place in May 2019.


About NTT DOCOMO
NTT DOCOMO, Japan's leading mobile operator with over 77 million subscriptions, is one of the world's foremost contributors to 3G, 4G and 5G mobile network technologies. Beyond core communications services, DOCOMO is challenging new frontiers in collaboration with a growing number of entities ("+d" partners), creating exciting and convenient value-added services that change the way people live and work. Under a medium-term plan toward 2020 and beyond, DOCOMO is pioneering a leading-edge 5G network to facilitate innovative services that will amaze and inspire customers beyond their expectations. DOCOMO is listed on the Tokyo Stock Exchange (9437). https://www.nttdocomo.co.jp/english/.


Contact:
NTT DOCOMO
International PR
Public Relations Department
Tel: +81-3-5156-1366    
Fax: +81-3-5501-3408
Source: NTT DOCOMO
Sectors: Telecoms, Mobility/Wireless

Copyright ©2019 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


DOCOMO and Kyoto University Develop World's First AI System to Detect Bridge Deterioration using Video-based Vehicle Weights and Structural Deflection
December 05 2019 13:17 JST
 
DOCOMO invests in Tata Capital Growth Fund II LP Targeting Growth-stage Startup Companies
October 02 2019 15:38 JST
 
DOCOMO Achieves World's First 5G Communication Between High-speed Bullet Train and Experimental Base Stations
October 01 2019 09:58 JST
 
KDDI Joins Merpay, LINE Pay, and NTT DOCOMO's Merchant Alliance "Mobile Payment Alliance (MoPA)"
September 18 2019 20:19 JST
 
DOCOMO to Commence Deployment of World's First 4G/5G Multi-vendor Radio Access Network Conforming to O-RAN Specifications
September 18 2019 14:12 JST
 
DOCOMO to Commence 5G Trials at Manufacturing Sites in Partnership with OMRON and Nokia
September 10 2019 15:19 JST
 
DOCOMO Joins 5G Alliance for Connected Industries and Automation
September 02 2019 13:24 JST
 
DOCOMO Develops Drone Platform API for Expanded Drone Applications
July 31 2019 14:38 JST
 
DOCOMO Extends d POINT Program and Services to Inbound Visitors in Japan
July 29 2019 13:07 JST
 
DOCOMO Testing Drone-based Inspection Service in Taiwan with FET's Support
July 11 2019 14:08 JST
 
More Press release >>

Latest Press Release


More Latest Release >>