NTT DOCOMO invests in Blue Ocean Wireless

Wed. September 24, 2008; Posted: 02:02 AM

Sep 24, 2008 (DMEUROPE via COMTEX) -- PHI | Quote | Chart | News | PowerRating -- NTT DoCoMo has invested $10m to acquire an 11.5 per cent stake in Blue Ocean Wireless (BOW), an Irish company providing GSM communication systems to the merchant maritime sector.

The acquisition is the latest joint endeavor between DoCoMo and its affiliate Philippine Long Distance Telephone Company (PLDT), including PLDT's wholly owned mobile subsidiary Smart Communications, one of BOW's shareholders. As part of the arrangement, DoCoMo intends to assist BOW's management in adding value to its services for global maritime carriers.

BOW provides GSM connectivity for seafarers by setting up satellite antennas, GSM base stations and conversion devices on vessels, which enable users to make and receive voice calls, and send and receive SMS text messages using their existing handsets.

Distributed for DMeurope.com via M2 Communications Ltd (www.m2.com)

For full details on NTT DoCoMo Inc. ADS (DCM) click here. NTT DoCoMo Inc. ADS (DCM) has Short Term PowerRatings of 6. Details on NTT DoCoMo Inc. ADS (DCM) Short Term PowerRatings is available at This Link.

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