AWS, DoCoMo Get To Work.(AT&T Wireless Group)(Company Business and Marketing)(Brief Article)

Wireless Week, January, 2001

Now that the money and shares have changed hands, the strategic alliance between NTT DoCoMo and AT&T Wireless Group can begin.

DoCoMo, purveyor of the wildly popular i-mode service, last week turned over $6.2 billion to AT&T Wireless Group and $3.6 billion to its parent company, AT&T Corp. AT&T Wireless, which eventually will move from a tracking stock to an independent company, plans to use the money for all the usual things--expanding capacity, enlarging its footprint, improving its mobile Internet offerings and strengthening its balance sheet. AT&T Corp., meanwhile, will use its share to pay down debt. For its $9.8 billion, DoCoMo received 406 million shares, or a 16 percent stake in AT&T Wireless, as well as the option to buy another 41.7 million shares...

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