On Monday, Japan's largest mobile phone operator NTT Docomo Inc. announced it will spend $111.6 million to acquire the rest of PacketVideo Corp., a mobile multimedia software firm.
Today, mobile operators are under pressure to...
On Monday, Japan's largest mobile phone operator NTT Docomo Inc. announced it will spend $111.6 million to acquire the rest of PacketVideo Corp., a mobile multimedia software firm.
Today, mobile operators are under pressure to find new ways to make money. DOCOMO plans to use PacketVideo's technology, which is a software family called Twonky, to develop services that connect users' mobile handsets with home electronic products to remotely share content, it said in a statement.
The Japanese carrier said it will purchase 65 percent of San Diego, California-based PacketVideo pending approval from its parent firm, NextWave Wireless Inc., and U.S. regulators.
The operator already uses PacketVideo's technology for music and video services on its FOMA-branded 3G network, but the operator is reportedly looking to use the technology to develop new services for its upcoming Long Term Evolution (LTE) network, which is scheduled to launch in December this year.
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