NTT Mobile Communications Network, Inc. (NTT DoCoMo; Keiji Tachikawa, President: headquarters: Minato-ku, Tokyo) established today a wholly-owned subsidiary, NTT DoCoMo  do Brasil Limitada, in Rio de Janeiro, Brazil. |
Purpose of the company
| 1) | To dispatch executives to the management councils of Tele Sudeste Celular, invested in by NTT DoCoMo, and its cellular phone subsidiaries. |
| 2) | To promote a third-generation mobile communications standard in Brazil |
| Note: | NTT DoCoMo reached a basic agreement in September 1998 to establish an international consortium with  de  S.A. (a Spanish telecommunications operator), IBERDROLA S.A. (a Spanish electric power company), and ITOCHU Corporation (a Japanese trading company), and to acquire seven percent of Tele Sudeste Celular stocks (51.8%) to be held by the consortium. |
Please see the attachment for an overview of the company.
Attachment
Overview of the Company
| 1. Company Name: | NTT DoCoMo do Brasil Limitada |
|
| 2. Headquarters: | Rio de Janeiro, Brazil | |
| 3. President (appointed): | Mr. Kazuo Moriya | |
| 4. Capital: | Brazil Real equivalent to US$700,000 (approx.  83 million at the March 17, 1999 exchange rate of $1= 118) |
|
| 5. Investor: | NTT Mobile Communications Network, Inc.(100%) | |
| 6. Major Business: | * | To participate in the management of Tele Sudeste Celular and its subsidiaries |
| * | To provide consulting and engineering services with regard to mobile communications | |
 |
