NTT DoCoMo Announces Liquidation of French Subsidiary
TOKYO, JAPAN --- NTT DoCoMo, Inc. announced today that DoCoMo Europe (France) S.A.S., a wholly owned subsidiary of DoCoMo Europe Ltd., will be closed at the end of this year and a representative office in Paris will be established in January 2008. Formal liquidation of DoCoMo Europe (France) will be completed by June 2008.
1. Reasons for Liquidation
DoCoMo established the subsidiary in 1998 to liaise with European entities involved in harmonizing UMTS third-generation technologies with the ITU's IMT2000 standard for 3G communications system. With the main role of the subsidiary now reduced to the monitoring of the European telecom industry, DoCoMo has decided to replace it with a representative office that will liaise in matters related to DoCoMo's business interests in Europe.
2. Outline of Subsidiary to be Closed Name: DoCoMo Europe (France) S.A.S.
Address: Washington Plaza, 40 rue Washington 75408 Cedex 08, Paris, France
Representative: Yuichi Kato
Established: August 1998
Capital: 800,000 euros
Issued shares: 50,000
Fiscal year-end: December 31
Shareholder: DoCoMo Europe Ltd. (100%)
3. Impact on DoCoMo's Results
The liquidation is not expected to have any significant impact on DoCoMo's consolidated or non-consolidated operating results. Therefore, no revision is required in the company's earnings forecasts for the fiscal year ending March 31, 2008.
About NTT DoCoMo
NTT DoCoMo is the world's leading mobile communications company. DoCoMo serves about 53 million customers, including 40 million people subscribing to FOMA™, launched as the world's first 3G mobile service based on W-CDMA in 2001. DoCoMo also offers a wide variety of leading-edge mobile multimedia services, including i-mode™, the world's most popular mobile e-mail/Internet service, used by more than 47 million people. With the addition of credit-card and other e-wallet functions, DoCoMo mobile phones have become highly versatile tools for daily life. NTT DoCoMo is listed on the Tokyo (9437), London (NDCM) and New York (DCM) stock exchanges. For more information, visit www.nttdocomo.com
1. Reasons for Liquidation
DoCoMo established the subsidiary in 1998 to liaise with European entities involved in harmonizing UMTS third-generation technologies with the ITU's IMT2000 standard for 3G communications system. With the main role of the subsidiary now reduced to the monitoring of the European telecom industry, DoCoMo has decided to replace it with a representative office that will liaise in matters related to DoCoMo's business interests in Europe.
2. Outline of Subsidiary to be Closed Name: DoCoMo Europe (France) S.A.S.
Address: Washington Plaza, 40 rue Washington 75408 Cedex 08, Paris, France
Representative: Yuichi Kato
Established: August 1998
Capital: 800,000 euros
Issued shares: 50,000
Fiscal year-end: December 31
Shareholder: DoCoMo Europe Ltd. (100%)
3. Impact on DoCoMo's Results
The liquidation is not expected to have any significant impact on DoCoMo's consolidated or non-consolidated operating results. Therefore, no revision is required in the company's earnings forecasts for the fiscal year ending March 31, 2008.
About NTT DoCoMo
NTT DoCoMo is the world's leading mobile communications company. DoCoMo serves about 53 million customers, including 40 million people subscribing to FOMA™, launched as the world's first 3G mobile service based on W-CDMA in 2001. DoCoMo also offers a wide variety of leading-edge mobile multimedia services, including i-mode™, the world's most popular mobile e-mail/Internet service, used by more than 47 million people. With the addition of credit-card and other e-wallet functions, DoCoMo mobile phones have become highly versatile tools for daily life. NTT DoCoMo is listed on the Tokyo (9437), London (NDCM) and New York (DCM) stock exchanges. For more information, visit www.nttdocomo.com
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