NTT DOCOMO, INC. announced today that it will acquire a 30 percent stake in TM International (Bangladesh) Limited (TMIB), a mobile phone operator based in Dhaka, Bangladesh, by directly acquiring all stock in TMIB held by A.K. Khan Co. Ltd. and its four group companies. The deal, worth US$350 million, is expected to be completed by the end of 2008.
DOCOMO will participate in TMIB's management and actively draw on its expertise to enhance the company's business in the fast-growing Bangladeshi mobile telecommunications market.
DOCOMO will account for the investment in TMIB under the equity method.
Source:JCN Newswire
