Oct 17, 2023 18:26 JST

Source: NTT DOCOMO

NTT DOCOMO Completes Public Tender Offer for INTAGE HOLDINGS Common Stock

NTT DOCOMO, INC. (DOCOMO), aiming to expand its marketing solutions business, announced today that it has successfully completed its public tender offer, at a total cost of approximately 47.1 billion yen, to acquire 19,621,921 (51.00%) common shares issued by marketing-support company INTAGE HOLDINGS, Inc. (INTAGE HD).

The offer period was from September 7 to October 16, during which DOCOMO offered to acquire more than 15,389,700 shares, or 40.0%, of INTAGE HD's common stock. The number of tendered shares meeting the specified conditions exceed the upper limit of the offer, which is 19,621,900 shares (51.00%), so none or only some of the excess shares will be acquired. For those shares within the limit, the settlement will be carried out using the proportional distribution method specified in Article 27-13(5) of the Act and Article 32 of the Cabinet Order.

The settlement will take place on October 23, after which INTAGE HD will become a subsidiary company of DOCOMO.

Through this public tender offer, DOCOMO will combine its extensive membership base of approximately 96 million,(1) the largest in the Japanese market, with INTAGE HD's expertise in data handling, aiming to enhance the value of this data through improved data collection, aggregation, analysis, visualization, and data mastering. DOCOMO and INTAGE HD will work closely with a variety of companies, including manufacturers, retailers and service providers, helping to make their marketing more consumer-centric and thereby enriching the lives of consumers.

(1) Number of d POINT CLUB members as of June 2023.

About NTT DOCOMO

NTT DOCOMO, Japan's leading mobile operator with over 87 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, 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. https://www.docomo.ne.jp/english/.

Source: NTT DOCOMO
Sectors: Telecoms, 5G, Wireless, Apps

Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


DOCOMO to Offer Japan's Fastest 5G SA Service for Downloads Up to 6.6Gbps
July 30 2024 16:47 JST
 
DOCOMO, DatVietVAC and DatVietOOH to Form JV, "Vie BOARD," for Digital Out-Of-Home Business Supported with Location-based Data in Vietnam
July 29 2024 22:08 JST
 
DOCOMO and NTT Com Jointly Demonstrate Practicality of DOCOMO's New Multi-platform Cloud-rendering Technology
July 26 2024 16:05 JST
 
NTT DOCOMO GLOBAL Commences Business Operations
July 02 2024 08:30 JST
 
NTT DOCOMO and Space Compass partners with Airbus on HAPS, committing to a USD$100 million investment in AALTO
June 03 2024 16:15 JST
 
DOCOMO Launches Japan's First Demonstration Experiment of Self-powered Hydropower Base Station
May 30 2024 13:30 JST
 
Japanese Consortium Achieves World's First Demonstration of 5G Communication from Altitude of 4km Using 38GHz Band
May 29 2024 10:44 JST
 
DOCOMO to Launch NTT DOCOMO GLOBAL for Global Expansion
May 10 2024 17:13 JST
 
DOCOMO, NTT, NEC and Fujitsu Develop Top-level Sub-terahertz 6G Device Capable of Ultra-high-speed 100 Gbps Transmission
April 11 2024 14:10 JST
 
DOCOMO to Conduct Open RAN Field Trials with Ooredoo, Smart and StarHub
February 27 2024 18:53 JST
 
More Press release >>

Latest Press Release


More Latest Release >>