DoCoMo May Write Down Part of Investment
NTT DoCoMo Inc. may write down as much as half its $10-billion investment in AT&T; Wireless Services Inc. after the third-largest U.S. wireless company’s shares fell by almost two-thirds, analysts said. AT&T; Wireless shares ended last week at $8.95, about 62% less than what DoCoMo paid for a 16% stake in 2000 and 2001.
DoCoMo President Keiji Tachikawa has said the world’s largest mobile-phone operator would reassess its AT&T; Wireless investment at the end of the company’s fiscal year, which concluded Sunday.
AT&T; Wireless may account for the bulk of DoCoMo’s investment losses after the company spent almost $15 billion on stakes in rival phone operators.
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