NTT DoCoMo, America Online plan Japan joint venture

Published on .

America Online has created a strategic alliance with NTT DoCoMo, the large Japanese mobile Internet services provider, to further the growth of its Internet services in Japan. NTT DoCoMo will become a partner in the AOL Japan joint venture with America Online, Mitsui & Co. and Nihon Keizai Shimbun. As part of the deal, AOL Mail and AOL Instant Messenger will appear on NTT DoCoMo's i-mode mobile Internet service. Under the agreement, NTT DoCoMo becomes an AOL Japan partner, with equity ownership of 42.3%, which includes a cash contribution of approximately $100 million for shares of AOL Japan. NTT DoCoMo will market AOL Japan as its preferred ISP in its DoCoMo shops and cross-promote AOL Japan to NTT DoCoMo's wireless voice and data subscribers. AOL will hold 40.3% of the AOL Japan joint venture, with 17.4% being shared between original joint venture partners, Mitsui and Nikkei.

Copyright September 2000, Crain Communications Inc.

Most Popular
In this article: