NTT DoCoMo Inc. said Monday it has agreed with KT Freetel Co., South Korea’s second-largest mobile-phone operator, to jointly invest $200 million in Malaysian wireless carrier U Mobile Sdn. to increase overseas earnings.
DoCoMo and KT Freetel plan to each own 16.5 percent of U Mobile, the companies said. The carriers will help U Mobile in its third-generation, or 3G, mobile-phone business, and promote roaming services using the Malaysian operator’s infrastructure, they said.
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