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Hutchison 3G wants capital injection from NTT DoCoMo



TOKYO, Mar 07, 2003 (Kyodo via COMTEX) -- NTT DoCoMo Inc. said Friday that it has received a request for capital injection of 200 million pounds (about 38 billion yen) from its British subsidiary Hutchison 3G UK Ltd.

NTT DoCoMo said it will examine whether Hutchison's request meets conditions set forth in the stockholders agreement and make a decision by mid-April.

NTT DoCoMo invested 184.5 billion yen in Hutchison 3G in September 2000 but cut the value of investment to 147 billion yen in September last year, citing losses at the British company, which specializes in third-generation mobile phones.

Last year, NTT DoCoMo turned down a request for additional funding from a money-losing Dutch mobile phone subsidiary after DoCoMo wrote off the entire investment in the company.2003 Kyodo News (c) Established 1945

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KEYWORD: TOKY