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NTT DoCoMo Inc and KTF to buy 33% of U Mobile

South Korea’s KT Freetel (KTF) and Japan’s NTT DoCoMo Inc will jointly invest USD200 million to acquire a 33% stake in U Mobile, Malaysia’s newest 3G mobile operator.

The deal, subjected to Government approval, will result KTF and NTT to involve in the management of U Mobile.

P.s: scamboy is currently testing the Nokia N77 with U Mobile’s DVB-H, thanks to Nokia(US). Review soon on Telco Talk Malaysia.

About Kugan

Kugan is the founder of MalaysianWireless. He has been observing the mobile industry since 2003. Connect with him on Twitter: @scamboy