(DCM) NTT DoCoMo- Bull of the Day – We maintain our Buy recommendation

July 29th, 2009

We maintain our Buy recommendation and the same valuation target for NTT DoCoMo (DCM), the largest mobile service provider in Japan, ahead of first quarter of fiscal 2010 financial results. The company currently maintains a leading 50% share of the Japanese wireless market.

DCM upgraded 98% of its total coverage area with 3G HSDPA technologies and emerging 4G LTE networks are planned for deployment through 2010. DCM’s decisions to focus on mobile content along with a renewed geographic expansion drive outside Japan are positive indicators.

Furthermore, the company is launching an innovative on-line money transfer service. We consider DCM as an attractive long-term investment opportunity.

Zacks Investment Research
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