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European mobile internet venture agreed
Posted: 18-Jan-2001 [Source: Financial Times]

[New group planning to bring i-mode type services to Europe without waiting for 3G.]

by Dan Roberts, London -- "Telecom Italia Mobile, NTT DoCoMo of Japan and KPN of the Netherlands have struck a three-way agreement to develop mobile phone internet services across Europe.

"Their joint venture, which is expected to be "announced on Thursday is intended to exploit the success of DoCoMo's i-mode service and challenge larger pan-European operators such as Vodafone.

"Each of the three backers will invest an initial sum of about $30m to build two development centres in Italy and the Netherlands where 80 research staff will develop applications based on i-mode.

"The deal itself is a relatively small move compared with existing research investment, but it is likely to be perceived as the first step towards a new power grouping among the rapidly consolidating European operators.


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