After a largely unsuccessful foray into licensing its mobile internet technology i-Mode into Europe in the early 00s, and a number of minor deals with emerging market carriers, the leading Japanese mobile phone carrier NTT Docomo has upped its shareholding in the leading Korean carrier KT from 2.2% to 5% by switching its convertible bonds into common stock.
Now the largest shareholder of KT (after the Korean Pension Fund, Korea's largest govt-sponsored institutional investor), Docomo execs will join KT execs to form a new board/committee to oversee the adoption of a common mobile handset sourcing plan and common investment strategies into 3rd party carriers worldwide.
(for the original article in Japanese from the Nikkei, see here)
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