NTT DoCoMo, Japan's biggest mobile phone company, says it is seeking to sell shares in the US as soon as possible to help raise money for acquisitions, boost its brand and broaden its shareholder base.
The Tokyo-based company, whose i-mode mobile internet service has taken Japan by storm, is fast running out of cash to finance its expansion. Today DoCoMo announced it would pay $9.8 billion for a 16% stake in ATT Wireless, the third-biggest mobile operator in the US. It also said it would pay NT$17.1 billion $517 million for a 20% stake in KG Telecommunications, Taiwan's third-biggest wireless company.
DoCoMo's international expansion comes...
