Posted on 27-Jan-2004 20:41
Filed under: News
Following AT&T Wireless decision to make it public that its board has decided to explore the company’s strategic alternatives, NTT DoCoMo has agreed with AT&T Wireless Services to a temporary and limited waiver of DoCoMo's right under its Investor Agreement with AT&T Wireless to be notified of and receive information regarding any proposed transaction pursuant to which DoCoMo's interest in AT&T Wireless would be affected.
According to the press release, the agreement was made pursuant to a request from AT&T Wireless in connection with the decision of its board of directors to implement a process to solicit proposals regarding the acquisition of AT&T Wireless. In the agreement, AT&T Wireless has confirmed that DoCoMo may submit an acquisition proposal to AT&T Wireless pursuant to that process should it decide to do so.
DoCoMo entered into the agreement in order to preserve a broad set of options and has not made any decision to make any proposal to AT&T Wireless at this time.