NTT DOCOMO to Sell Stake in U Mobile
TOKYO, JAPAN, --- NTT DOCOMO, INC. announced that it will sell its shareholding in U Mobile Sdn. Bhd. (U Mobile), a Malaysian 3G mobile operator, for USD 100 million - the same amount DOCOMO originally invested for the shares.
Under an agreement with major stakeholders, DOCOMO will sell its entire stake - amounting to 16.5% of U Mobile's outstanding shares - to the majority shareholder, U Television Sdn. Bhd. (UTV).
Under an agreement with major stakeholders, DOCOMO will sell its entire stake - amounting to 16.5% of U Mobile's outstanding shares - to the majority shareholder, U Television Sdn. Bhd. (UTV).
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