TOKYO-Japanese wireless carrier NTT DoCoMo Inc. said it will buy a stake in a U.S. mobile asset management provider.
DoCoMo signed a joint venture and share subscription agreement with Ultra d.o.o., a Slovenian technology company. Under the agreement, DoCoMo will acquire a 49-percent equity stake in Telargo Inc., Ultra’s wholly owned U.S. mobile assets management service provider, for $28.6 million.
Telargo’s service is based on a mobile asset management platform providing companies with fleet and workforce management tools to streamline their businesses. Telargo plans to offer its service worldwide starting in the fall.
DoCoMo said the investment is a part of its strategy to expand location-based fleet management services and follows its investment last year in a Thai fleet management service company.
