DoCoMo to Cap Spending Posted: 08-Jan-2003 [Source: Blomberg] [CEO, Keiji Tachikawa, says DoCoMo to cap investmenment in its high-speed FOMA service due to lack of consumer demand resulting in lower than expected profit.] by Mike Anzai, Tokyo -- "NTT DoCoMo Inc., the world's second-largest mobile-phone operator, will cap spending on new equipment this year after the expansion of its high-speed Internet service generated lower-than-expected profit. "Reckless spending on network expansion won't help promote" such services, DoCoMo Chief Executive Officer Keiji Tachikawa said in an interview. "We'd better focus more on returns on investment." More...
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