KTF, DoCoMo buys 33% in Malaysia’s U Mobile (South Korea)Korean operator KT Freetel and Japan’s NTT DoCoMo have agreed to acquire 33 percent of U Mobile, a new Malaysian 3G mobile operator that is scheduled to launch commercial service in 2008. Upon approval of the Malaysian government, KTF and DoCoMo will invest USD 100 million each, giving each company 16.5 percent of shares with voting rights. KTF and DoCoMo will jointly participate in U Mobile’s management and draw on their 3G expertise to enhance U Mobile’s competitiveness. The two companies intend in future to promote international roaming services through U Mobile’s 3G network for their respective customers traveling in Malaysia.
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