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News > Technology
AOL teams up with NTT
July 31, 2000: 10:32 p.m. ET

Report: AOL to develop Internet services with Japan's wireless titan
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NEW YORK (CNNfn) - America Online and Japan's telecom giant NTT DoCoMo have agreed to jointly develop wireless Internet services in Japan, the Wall Street Journal reported Monday.

Under the agreement, DoCoMo and AOL (AOL: Research, Estimates) will initially invest $100 million each into AOL Japan, currently a joint venture between AOL, Japan's Mitsui and Nihon Keizai Shimbun. And together the two companies will hold 80 percent of AOL Japan, with DoCoMo's share modestly higher than AOL's.

graphicThe partnership is significant because it ties up the world's largest fixed-line Internet company with the world's largest provider of wireless Internet services. The deal pairs up the two companies to integrate their services in Japan so that DoCoMo users will be able to access Web sites through their AOL accounts.

The Journal also said the two companies have been discussing how to integrate services in markets outside of Japan, but no specifics have been decided.

Both DoCoMo and AOL so far have declined to comment on the report. Back to top

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.