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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."

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