To: Eric L who wrote (18542 ) 3/2/2002 7:57:49 AM From: Eric L Respond to of 34857 re: NTT DoCoMo (NYSE: DCM) & (LSE: NDCM) >> NTT DoCoMo Joins New York Stock Exchange Jay Wrolstad Wireless NewsFactor March 1, 2002 Keiji Tachikawa, president and CEO of NTT DoCoMo, evoked the lines immortalized in Frank Sinatra's rendition of 'New York, New York' at a press conference Friday morning. 'If I can make it there, I can make it anywhere. Today we embark on making a name in New York,' he said. Taking a big step toward expanding its global footprint, NTT DoCoMo has initiated its listings on the New York (NYSE: DCM) and London (LSE: NDCM) stock exchanges. Japan's leading carrier said the listings enable the company to expand its investor base, enhance the global liquidity of DoCoMo shares and drive the development of global markets for its mobile multimedia services. No new shares will be issued with the listings, the company said. Pushing Next-Gen Wireless Among DoCoMo's offerings are its innovative i-mode mobile Internet service, which has some 30 million subscribers in Japan, and FOMA (freedom of mobile multimedia access), a 3G (third-generation) wireless service launched in Japan earlier this fall. Both will be rolled out in Europe and the U.S. through partnerships with local operators, the company said. "NTT DoCoMo is now traded on three of the world's most important stock exchanges. This corporate milestone will enable NTT DoCoMo to increase our shareholder base and reach new institutional and retail investors," Keiji Tachikawa, president and CEO of NTT DoCoMo said at press conference in New York Friday morning. Global Ties Tachikawa said that efforts to expand the use of DoCoMo's wireless technology in the U.S. and Europe include establishing ties with the leading technology and service providers in global markets. He pointed out that the company has a 16 percent stake in AT&T Wireless in the U.S. as well as a 15 percent stake in European operator KPN Mobile. "AT&T Wireless will be introducing i-mode on a GPRS (general packet radio service) network in the near future, and we are working with AT&T Wireless on introducing 3G service based on CDMA (code division multiple access) technology," Tachikawa said. Tachikawa told reporters he estimated that the U.S. market was double the size of the market in Japan. He said the company will build on relationships with other U.S. companies, citing Sun Microsystems, Microsoft, AOL Time Warner and Hewlett-Packard. "We will continue to lead the transformation of the wireless industry with multifaceted devices that provide more than conversation, with video, music and data." A Hefty Price DoCoMo, which has saturated the Japanese market with 40 million subscribers, plans to launch i-mode service in Europe through KPN Mobile in the Netherlands, KPN Orange in Belgium and E-plus in Germany. In Britain, DoCoMo has a 20 percent stake in Hutchison 3G UK and is scheduled to launch 3G service through the operator in the second half of 2002. DoCoMo has been listed on the Tokyo Stock Exchange since 1998. Parent company Nippon Telegraph and Telephone Corp. (NTT) owns 64 percent of DoCoMo. In addition to wholly owned subsidiaries in the U.S., Europe and Brazil, the company has joint ventures and alliances with mobile and multimedia service providers in the Asia-Pacific region, Europe and North America. The stock opened Friday in New York at $53.50 and moved up to $53.85 in early trading. Evoking the lines immortalized by Frank Sinatra in "New York, New York," Tachikawa said, "If I can make it there, I can make it anywhere. Today we embark on making a name in New York." << - Eric -