Docomo buys stake in Vietnam’s VMG Media JSC

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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.

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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.

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