“NTT DoCoMo Inc. rose in Tokyo trading, while rivals KDDI Corp. and SoftBank Corp. fell, after a media report suggested Japan’s largest mobile carrier may start selling Apple Inc.’s iPhone,” Takashi Amano and Naoko Fujimura report for Bloomberg News.
“Chief Financial Officer Kazuto Tsubouchi said there are compelling reasons for Apple and his company to reach an agreement, according to an interview published in SankeiBiz,” Amano and Fujimura report. “For Apple, it doesn’t make business sense not to allow Japan’s largest wireless carrier to sell the iPhone, while DoCoMo wants to be able to sell most popular handsets, Sankei said.”
Amano and Fujimura report, “No deal has been reached and the two companies may not be able to come to terms, Sankei reported. DoCoMo has had to compete against smaller rivals who have been able to offer the popular handset… ‘Speculation DoCoMo may sell the iPhone is dragging down KDDI and SoftBank,’ said Tomoaki Kawasaki, an analyst at Iwai Cosmo Holdings Inc. in Tokyo. DoCoMo shares rose 2.1 percent to 159,600 yen at the close in Tokyo, the highest level since May 22. KDDI fell 2 percent, while SoftBank dropped 0.5 percent.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]