Business Services Industry
KT Freetel and NTT DoCoMo agree to a create a venture fund worth 30b won
Telecom Asia, Nov, 2007
KT Freetel and NTT DoCoMo agree to a create a venture fund worth 30b won ($32.7m). Each will take a 45% stake while Korean investment firm KTBnetwork will take the remaining 10%. The fund, named as KTF-NTT DoCoMo Mobile Investment Limited Partnership, will be managed by KTBnetwork and will operate for six years, with an option for a two-year extension.
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