DoCoMo to buy 2.6 percent stake in Fuji TV for mobile TV

Japanese mobile operator NTT DoCoMo will pay $178.5 million for a 2.6 percent stake in Fuji Television Network. The deal is part of an effort between the two companies to bring digital TV broadcasting to mobile phones. The first step in the JV is for DoCoMo and Fuji to co-develop a service that joins data broadcasting with TV programs. The companies expect the deal to close in early January and to roll out the mobile TV service by next spring. The purchase is also an attempt by DoCoMo to make up for falling revenue from voice transmissions.

For more on DoCoMo and Fuji TV's JV:
- take a look at this article from Television Point