Japan's NTT DoCoMo to buy US video software firm

August 2, 2010

Japanese mobile phone giant NTT DoCoMo said Monday it was spending 111.6 million dollars to take over a US video software firm and beef up its multimedia services.

DoCoMo will purchase the remaining 65 percent equity interest in PacketVideo Corp. after last year buying a 35-percent stake in the California company from NextWave Wireless Inc.

The acquisition comes as DoCoMo, which sees falling revenues from voice telephone calls, aims to expand its video services for next-generation high-speed mobile services.

"DoCoMo aims to create synergies with PacketVideo for enhanced media services, including the creation of an all-new domain of services that allow users to easily link their mobile handsets with home to remotely enjoy and share content," it said in a statement.

The company expects to finish the deal by the end of this year.

Explore further: DoCoMo invests $45.5M in US mobile video firm

Related Stories

DoCoMo invests $45.5M in US mobile video firm

July 6, 2009

(AP) -- NTT DoCoMo, Japan's largest mobile phone operator, said Monday it spent $45.5 million to take a 35 percent share in a U.S. company that makes multimedia technology for its mobile phones.

Japan's DoCoMo plans new app platform for phones

July 9, 2010

Japan's number one mobile phone operator NTT DoCoMo has said it will add a new application platform to its "i-mode" handsets this year as it tries to catch up with Apple's runaway iPhone success.

Japan considers end to cellphone 'SIM lock'

March 29, 2010

Japan is moving towards ending restrictions on mobile telephone users switching operators or using an overseas network by changing the SIM memory card, a government official said Monday.

Recommended for you

Swiss unveil stratospheric solar plane

December 7, 2016

Just months after two Swiss pilots completed a historic round-the-world trip in a Sun-powered plane, another Swiss adventurer on Wednesday unveiled a solar plane aimed at reaching the stratosphere.

Solar panels repay their energy 'debt': study

December 6, 2016

The climate-friendly electricity generated by solar panels in the past 40 years has all but cancelled out the polluting energy used to produce them, a study said Tuesday.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.