Japan’s DoCoMo to hit Pakistan?
Possibly yes, don’t get amazed, as Japan’s NTT DoCoMo Inc., is looking for overseas investment once again. DoCoMo is not going to come directly into scene in Pakistan, but possibly through Etisalat controlled Ufone , as they announced some serious partnership talks with Middle East’s telecom carriers including Etisalat, Qatar Telecom and Saudi Telecom, reported Bloomberg.
As we know well that Japan’s telecom market has reached its bread limit, hence operators are looking for overseas markets, specifically the developing ones like Middle East and Africa. Similarly, DoCoMo is eying such markets through stakes in major telecom operators of the region that includes Etisalat, in order to reach in Africa, Middle East and Pakistan.
Along with recent minority stakes acquisition in Bangladesh, DoCoMo is present in Philippines and South Korea.
However, it merits mentioning that all overseas investments for DoCoMo didn’t turn fruitful, as they had to loose US$3.2 billion in only 3 years for 16 percent stakes in AT&T Wireless, that they had bought for US$ 9.8 billion in January 2001, and sold them to Cingular in 2004 for US$ 6.6 billion
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