DOCOMO and PacketVideo Form Strategic Alliance to Accelerate Innovation and Growth in Mobile Multimedia Software and Services
TOKYO & SAN DIEGO--(Business Wire)--
NTT DOCOMO, INC. (TSE:9437) (LSE:NDCM) (NYSE:DCM) and San Diego,
California-based PacketVideo Corporation, a subsidiary of NextWave Wireless Inc.
(NASDAQ:WAVE) and a pioneer in wireless and digital home multimedia software and
service applications, today announced that DOCOMO has acquired a 35-percent
stake in PacketVideo for $45.5 million. The all-cash transaction, effective
immediately, is intended to strengthen DOCOMO`s position in advanced music and
video services in Japan.
The companies have enjoyed a productive partnership since 1998, enabling
PacketVideo`s technologies to be incorporated in multimedia applications for
DOCOMO`s FOMA 3G mobile network services. To date, PacketVideo`s popular CORE
multimedia player, pvPlayer, has been installed in more than 90 DOCOMO handset
models.
The strategic alliance will enable DOCOMO to enhance its music and video service
offerings while augmenting the competitiveness of both companies. In particular,
the strengthened partnership will facilitate the efficient joint development of
PacketVideo`s new technologies, ensuring a stable supply of increasingly
advanced mobile applications technologies to DOCOMO.
Toshio Miki, Associate Senior Vice President, Managing Director of Communication
Device Development Department for NTT DOCOMO, said: "PacketVideo has been a key
supplier of software to DOCOMO and has made important contributions to the
success of our services in the Japanese market. We are pleased to become an
equity partner of PacketVideo and are very confident of the company's continued
growth and long-term success."
James Brailean, Ph.D., CEO of PacketVideo said: "We are honored to welcome
DOCOMO as an investor. We are building on our unique and highly successful
relationship with DOCOMO to further strengthen PacketVideo`s position in
developing the best in class media experience, regardless of format or platform.
PacketVideo is the global leader in delivering rich media solutions for mobile
operators, and DOCOMO`s support will enable us to accelerate our innovation and
growth."
For further information, please contact:
NTT DOCOMO PacketVideo
Shoichiro Kaneko or Taro Ito Jeff Seedman
International PR Ruder Finn, Inc.
Public Relations Department Tel: (310) 882-4009
Tel: +81-3-5156-1366 seedmanj@ruderfinn.com
Fax: +81-3-5501-3408
Website: www.nttdocomo.com
Inquiries may also be made through the following URL:
http://www.nttdocomo.com/contact
About NTT DOCOMO
NTT DOCOMO is the world`s leading mobile operator and provider of advanced
mobile services. The company serves over 54 million customers in Japan,
including 48 million using i-mode, the world`s most popular mobile
e-mail/Internet platform, and 49 million using FOMA, the world`s original 3G
mobile service based on W-CDMA. As a leader in the development of cutting-edge
mobile technologies, DOCOMO is continually expanding the role of mobile phones
as versatile and highly personalized "lifestyle tools" for everyday life,
including with a wide range of innovative services for mobile payments, GPS,
mobile TV, multimedia content and much more. NTT DOCOMO is listed on the Tokyo
(9437), London (NDCM) and New York (DCM) stock exchanges. For more information,
visit www.nttdocomo.com.
About PacketVideo
Founded in 1998, PacketVideo is the software pioneer powering the world`s
leading multimedia services on millions of home and mobile devices. PacketVideo
is a subsidiary of NextWave Wireless Inc. (NASDAQ:WAVE).
Note Regarding Forward-Looking Statements: This press release contains
"forward-looking statements" for purposes of the Private Securities Litigation
Reform Act of 1995 that involve risks and uncertainties. There can be no
assurances that forward-looking statements will be achieved, and actual events
or results could differ materially from the events or results predicted or from
any other forward-looking statements made by, or on behalf of, PacketVideo, and
should not be considered as an indication of future events or results. Important
factors that could cause actual events or results to differ materially are
described in filings of our parent company, NextWave Wireless Inc. (NASDAQ:WAVE)
with the Securities and Exchange Commission. All such documents are available
through the SEC`s website at www.sec.gov. PacketVideo and NextWave Wireless Inc.
make no commitment to revise or update any forward-looking statements in order
to reflect changes in events or circumstances after the date any such statement
is made, except as may be required pursuant to applicable law.
FOMA and i-mode are trademarks or registered trademarks of NTT DOCOMO, INC. in
Japan and/or other countries.
FOMA service is only available in Japan.
CORE and pvPlayer are registered trademarks of PacketVideo Corporation in the
United States and other countries.
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PacketVideo
Ruder Finn, Inc.
Jeff Seedman, 310-882-4009
seedmanj@ruderfinn.com
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