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NTT DoCoMo acquires 11.5% stake in Blue Ocean Wireless for US$10 million (Japan)

  • September 12th, 2008
  • 6:13 am

NTT DoCoMo, Japan’s leading operator, acquires an 11.5% stake in Blue Ocean Wireless, a cell-phone network carrier that provides coverage on merchant ships.
The mobile operator will be paying US$10 million for the stake in the Dublin-based venture.

   

Smart to acquire 30% of Ireland-based Blue Ocean Wireless(Ireland)

  • August 8th, 2007
  • 2:16 pm

Smart Communications has agreed to acquire a 30 percent equity stake in Blue Ocean Wireless, Ireland-based provider of GSM communications for the merchant maritime sector, for USD 15.9 million. Smart, via its wholly-owned subsidiary SmartConnect Holdings PTE, will acquire a combination of primary and secondary shares. The acquisition broadens Smart’s service to its existing subscriber base and offers the chance to capture major new subscribers from the world’s 1.2 million seafarers. The purchase also accelerates the roll-out of Blue Ocean’s dedicated product offering for the global merchant maritime sector; and provides GSM network facilities and call/text terminations for Blue Ocean’s global merchant maritime service. Smart has an option to acquire a further 19 percent in Blue Ocean, exercisable within the next three years. Smart Communications is a Philippines-based mobile services provider.