NTT DoCoMo, Inc. has announced that it has signed an agreement with MappointAsia Company Limited, which is a Thailand-based digital mapping and location-based service provider. Under the agreement, NTT DoCoMo will acquire a 17.6 % equity stake in the company for a cash consideration of approx. US$1.9 million (approx. 210 million yen).
NTT DoCoMo expects to combine its own know-how and experience regarding location-based service with Mappoint Asia’s expertise in the field in order to carry out services in Thailand, and is also looking forward to the development of digital maps and additional competitive location-based services that will result from the synergistic relationship between MappointAsia and Mobile Innovation.