PacketVideo Shares to Be Acquired by Japan’s NTT DoCoMo

The shares of U. S. wireless software firm, PacketVideo Corp, will be acquired by NTT DoCoMo Inc, which is the biggest mobile-phone operator in Japan.

For the acquirement, DoCoMo will shell out $111.6 million, so as to help strengthen its data services trade.

This acquirement will mean that the firm will have attained the rest of its share in PacketVideo since in the previous year, DoCoMo bought a stake of 35% in the firm by paying $45.5 million and now has settled it with NextWave Wireless Inc., to purchase the remaining shares, as informed by the firm based in Tokyo.

The Japanese carrier already makes use of technology developed by PacketVideo, with services in music and videos on mobile phones and hopes that the buy will help it in developing its services further by improving them, rather making it more efficient than Long Term Evolution, said Spokesperson for the firm, Makiko Furuta.

The transaction is anticipated to be completed by the end of September 30th quarter.

President, Ryuji Yamada in the previous month said that DoCoMo was spending 300 billion Yen over a term of three years in its LTE network and intended to initiate the services on computer cards by the month of December.

The technology that has to be used lets transmission of speeds through fiber-optic connection that makes the range in wireless more efficient and trouble-free.