NTT DoCoMo invests in mobile software companies

NTT DoCoMo will invest around US$235 million in two Tokyo-based developers of embedded software, it said Wednesday.

NTT DoCoMo will invest a total of around YEN 28 billion (US$235 million) in two Tokyo-based developers of embedded software, including the company that recently acquired PalmSource, the cellular carrier said Wednesday.

The company, Japan's largest cellular carrier, said it will pay about YEN 15 billion to increase its current 7.1 percent stake in Access to 11.7 percent.

Access is a developer of software for embedded and portable devices and best known for its NetFront Web browser, which can be found in a wide range of products including many cell phones, digital televisions and the PlayStation Portable game terminal. In September this year Access reached an agreement to acquire PalmSource, the company behind the Palm operating system.

NTT DoCoMo will also invest about YEN 13 billion to acquire a 15 percent stake in Aplix. Aplix develops embedded software and offers a range of Java products for cell phones under the JBlend name. An NTT DoCoMo affiliate company, DoCoMo.com, already holds a 3 percent stake in Aplix.

Both investments are expected to be completed within the next three weeks.

News of the investments came after the close of trading on Wednesday at the Tokyo Stock Exchange. On Thursday morning shares in both Access and Aplix were trading up about 4 percent at 9:30 a.m. local time (12:30 GMT), 30 minutes after trading began.

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