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Japan's top mobile phone player, NTT docomo, is looking for overseas acquisitions amid tough competition at home. New CEO Ryuji Yamada says a recent 30% stake in a Bangladesh carrier is just the beginning and Docomo's attention will centre on Asia. SOUNDBITE: RYUJI YAMADA, CEO, NTT DOCOMO SAYING (JAPANESE): "More than the U.S. or Europe our priority is the Asia-Pacific region, next is the Middle East and Africa, but first is Asia-Pacific." Docomo claims almost half of Japan's over 100 million cellphone users, earning $7.8 billion last year, but faces a tough fight with No.2 KDDI and Softbank, which will sell Apple's iPhone. Not giving up on its own efforts to sell iPhone, Yamada says he wants to see how well Apple's smartphone sells. SOUNDBITE: RYUJI YAMADA, CEO, NTT DOCOMO, SAYING (JAPANESE) "We have phones for the e-mail culture, "one seg" multi-media and "wallet" transaction cellphones. Some customers will say "I want an Apple" while others choose another, so in Japan I want to see how well this phone can sell." Docomo expects about $8 billion in profits this year, but sees greater international business as helping to offset a mature market in Japan. Dan Sloan reporting.
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Added: Jul 4, 2008 |
| Category: Business |
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