Mobile carrier NTT DoCoMo buys Tower Records Japan

June 11, 2012
NTT DoCoMo staff prepare for the company's 2011 summer model press preview in Tokyo. Japan's top mobile carrier NTT DoCoMo said it will make Tower Records Japan a subsidiary to enhance its online sales of CDs and DVDs.

Japan's top mobile carrier NTT DoCoMo said Monday it will make Tower Records Japan a subsidiary to enhance its online sales of CDs and DVDs.

DoCoMo, which already holds 42.1 percent of the music store chain, will increase its stake to 50.3 percent by mid-July for an undisclosed price.

"By establishing Tower Records Japan as a subsidiary, expects to capitalise on the envisioned growth of e-commerce triggered by the proliferation of smartphones and tablets," the mobile firm said in a statement.

Tower Records operates 89 stores in Japan, in addition to an online music shop.

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.

DoCoMo's promise of a beyond-3G phone

May 11, 2006

For some, having a MP3 player, camera, video player, organizer and Internet access on a single mobile phone simply isn't good enough. The picture quality must be better, as must the sound. But most importantly, the download ...

NTT DOCOMO Develops Solar-powered Handset

July 15, 2009

NTT DOCOMO, Japan's largest mobile operator, announced today its development of the SOLAR HYBRID (docomo STYLE series SH-08A), a solar-powered, waterproof mobile phone that will go on sale in Japan from September.

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.

Recommended for you

Your (social media) votes matter

January 24, 2017

When Tim Weninger conducted two large-scale experiments on Reddit - otherwise known as "the front page of the internet" - back in 2014, the goal was to better understand the ripple effects of malicious voting behavior and ...

Protective wear inspired by fish scales

January 24, 2017

They started with striped bass. Over a two-year period the researchers went through about 50 bass, puncturing or fracturing hundreds of fish scales under the microscope, to try to understand their properties and mechanics ...

'Droneboarding' takes off in Latvia

January 22, 2017

Skirted on all sides by snow-clad pine forests, Latvia's remote Lake Ninieris would be the perfect picture of winter tranquility—were it not for the huge drone buzzing like a swarm of angry bees as it zooms above the solid ...

Singapore 2G switchoff highlights digital divide

January 22, 2017

When Singapore pulls the plug on its 2G mobile phone network this year, thousands of people could be stuck without a signal—digital have-nots left behind by the relentless march of technology.

Making AI systems that see the world as humans do

January 19, 2017

A Northwestern University team developed a new computational model that performs at human levels on a standard intelligence test. This work is an important step toward making artificial intelligence systems that see and understand ...

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.