NTT DOCOMO to Dissolve Newly Established Subsidiary on JV Agreement Termination
Tokyo, Apr 9, 2012 (JCN) - NTT DOCOMO INC. has terminated an agreement on the establishment of a joint venture (JV) company to develop and sell semiconductor products for mobile devices, which it signed with Fujitsu Limited, Fujitsu Semiconductor Limited, NEC Corporation, Panasonic Mobile Communications Co. Ltd, and Samsung Electronics Co. Ltd in December 2011.
The joint-venture agreement was terminated because a consensus on the details of the envisioned company could not be reached by the target deadline - the end of March.
As a result, DOCOMO will liquidated in June its subsidiary, Communication Platform Planning Co. Ltd, which was established to prepare for the formation of the JV.
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