MobileWireless
ò NTT DoCoMo Inc. announced that it has entered into an agreement with KT Freetel Co., South Korea's second-largest mobile-phone operator, to jointly invest $200 million in Malaysian wireless carrier U Mobile Sdn. Under the partnership, DoCoMo and KT Freetel plan to each own 16.5% of U Mobile. The carriers will help U Mobile in its 3G mobile-phone business and promote roaming services using the Malaysian operator's infrastructure. Industry observers see the move as a bid by KT Freetel and DoCoMo to find new sources of income overseas as more than 75% of people already own handsets in their domestic markets. DoCoMo owns...
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