NTT Docomo, Japan’s leading mobile operator, has announced its 12.7 billion yen (around 130 million US dollars) acquisition of MCV, Guam’s foremost cable TV and Internet provider. In a move to expand its international portfolio, the deal sees the Japanese telecommunications giant acquire in full MCV Acquisition, which is the holding company behind the Pacific island’s largest cable service provider.
This recent acquisition is a strategic one for Docomo, saying that the deal – which went through on Wednesday – was targeted to enhance its business in the region and lay down a link-up of MCV’s fiber-optic network to its own. The operator also says that this may give NTT Docomo an opportunity to enhance its mobile networks in the region. The move to acquire MCV has been in the works for a while now, with Docomo winning the bid to move forward with the acquisition last year. The Japanese carrier secured all government approvals in April, after which only the purchase and financial details of the deal were left to tie down.
As MCV joins Docomo’s Pacific portfolio, Guam’s consumers should be able to rest easy that their cable and internet service from MCV – reliable in most cases – will not change a lot with this acquisition. In a statement made by Docomo back in April, a spokesperson had revealed that there were no imminent plans to make rash changes to the MCV business in Guam. And NTT Docomo’s track record for reliability of its services in Japan should be an encouragement for MCV customers that the services offered can only get better with the Japanese mobile carrier’s network infrastructure now to bank on.
[via The Next Web]