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NTT Docomo to acquire e-commerce firm Fine Trade
2013-08-27 12:47:00| Telecompaper Headlines
(Telecompaper) Japanese mobile operator NTT Docomo has agreed to acquire Fine Trade, an Austria-based e-commerce trading service provider with payment options. Through the acquisition, Docomo will expand its portfolio of finance and payment platform businesses in Europe, currently focused on the digital content market, to include the online retail market for consumer goods. The shares will be purchased from Three Little Birds and Schneider Holding, which hold 75 percent and 25 percent of Fine Trade's common stock respectively. The purchase will be made through Docomo Deutschland, a wholly owned subsidiary of Docomo. The acquisition is subject to customary closing conditions, including clearance by the German Federal Cartel Office to which DDL applied for regulatory approval. The transaction is expected to be completed by late October.
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Category:Telecommunications