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Docomo, five others set up LTE venture

NTT Docomo Inc. has reached a basic agreement with five companies -- Fujitsu Ltd., Fujitsu Semiconductor Ltd., NEC Corp., Panasonic Mobile Communications Co., Ltd. and Samsung Electronics Co. Ltd. -- to establish a fabless joint venture company...


January 11, 2012  


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NTT Docomo Inc. has reached a basic agreement with five companies — Fujitsu Ltd., Fujitsu Semiconductor Ltd., NEC Corp., Panasonic Mobile Communications Co., Ltd. and Samsung Electronics Co. Ltd. — to establish a fabless joint venture company by the end of March to develop and sell semiconductor products for mobile devices.

The joint venture company will focus on developing products for LTE and LTE-Advanced mobile communication standards. The products will be sold in markets globally.

Docomo plans to invest 450 million Japanese yen, equivalent to an estimated US$5.8 million, to establish a wholly owned subsidiary called Communication Platform Planning Co. Ltd.