DoCoMo Buys Guam Operators

NTT DoCoMo acquires Guam Cellular & Paging and Guam Wireless Telephone Company for $71.8M

March 20, 2006

1 Min Read

TOKYO -- NTT DoCoMo, Inc. announced today that the company will wholly acquire Guam Cellular & Paging, Inc. (Guam Cellular) and Guam Wireless Telephone Company, LLC (Guam Wireless) for the total amount of US $71,800,000. Both companies provide mobile services in Guam and the Northern Mariana Islands.

DoCoMo will establish a holding company to acquire 100% of the shares of Guam Cellular. It will then acquire the business of Guam Wireless through Guam Cellular and merge the two companies. DoCoMo will also provide additional funds up to approximately US$6,500,000 to strengthen the newly merged company's facilities and infrastructure.

The acquisitions will be finalized as soon as approval is received from U.S. regulatory authorities overseeing communication services in these territories.

The acquisitions will enable DoCoMo to better serve many Japanese travelers who visit Guam and the Northern Mariana Islands, and enable the islands' residents to benefit from DoCoMo's world-leading mobile technology. Such efforts will include, for example, enhancing the quality of GSM network and adding GPRS capability to launch packet roaming services. DoCoMo also aims to introduce a W-CDMA network for 3G services utilizing Guam Cellular's frequency band in the future.


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