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Thursday, July 9, 2009

DoCoMo eyes further investments in Asian carriers

Japan's NTT DoCoMo Inc said it is in talks with some Asian mobile carriers for possible capital investment as it aims to seek growth overseas to counter maturing cellphone market at home.

DoCoMo's recent overseas investments include a 26 percent stake in Tata Teleservices, India's sixth-largest mobile operator, a 30 percent stake in Bangladesh telecom operator Axiata and a 16.5 percent stake in Malaysian operator U-
Mobile .

"Our main target is Asia, and there are some other (promising) countries there. We are in contact (with carriers in those countries," NTT DoCoMo Chief Executive Ryuji Yamada told Reuters in an interview on Thursday. He did not elaborate.

Yamada also said he has not given up offering Apple Inc's iPhone to its subscribers. In Japan, Softbank Corp is the only carrier that offers the popular handsets at the moment.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Jun 10
21:00 52-Week Bill Auction 1 3.94% 3.93%
22:30 3-Year Note Auction 1 3.972% 3.824%
Wednesday, Jun 11
02:00 API Weekly Crude Oil Stock 1 -0.37M 0.70M -3.30M
04:15 Visitor Arrivals (YoY) 1 18.8% -8.4%
14:30 10-y Bond Auction 1 4.588% 4.673%
16:30 MBA Mortgage Applications 1 -3.9%
18:00 Consumer Price Index ex Food & Energy (MoM) 3 0.3% 0.2%
18:00 Consumer Price Index (YoY) 3 2.5% 2.3%
18:00 Consumer Price Index n.s.a (MoM) 1 320.795
18:00 Building Permits (MoM) 1 2.2% -4.1%
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