(DCM) NTT DoCoMo – Bull of the Day
We maintain an outperform rating for NTT DoCoMo (DCM), the largest mobile service provider in Japan. The company currently maintains a leading 50% share of the Japanese wireless market.
DCM upgraded 98% of its total coverage area with 3G-HSDPA, while 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 online money transfer service. We consider DCM as an attractive long-term investment opportunity.
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