Docomo buys stake in Vietnam’s VMG Media JSC

ntttttttttttt

NTT Docomo Inc has acquired an approximately 25% stake in Vietnam’s largest mobile content provider, VMG Media Joint Stock Company (VMG), which owns a market share of roughly 25% in the country. The stock purchase, worth approximately 370 billion Vietnam Dong or about 1.4 billion Japanese yen, represents Docomo’s first investment in Vietnam.

VMG offers both content and content platforms. With its investment, Docomo will share its expertise and know-how with VMG, such as in content distribution, with the aim of boosting VMG’s business and expanding Docomo’s value-added services in Asia-Pacific.