NTT DoCoMo Buys a 25% Stake in VMG
August 19, 2011
NTT DoCoMo announced that it has acquired roughly a 25% stake in VMG (VMG Media Joint Stock Company) for about 370 billion Vietnam dong (US$17.8 million; US$1=20813 Vietnam Dong), according to an August 10, 2011 press release by DoCoMo. VMG is a major mobile content provider, offering content and content platforms in Vietnam, with approximately one-fourth market share. Through the investment, DoCoMo aims to enhance its value-added services in Asia-Pacific and cooperate with VNPT (Vietnam Posts and Telecommunications Group), which holds a 29% stake in VMG, on promoting VMG's business.