NTT DoCoMo Inc. said its net profit dropped 13 percent for the fiscal first quarter due to strong competition in the
Japanese wireless market. DoCoMo posted a net profit of about $1.52 billion
compared with $1.7 billion last year. The company had increased expenses from
driving customers to its third-generation FOMA service, which now has more than
5 million subscribers. The company also launched flat-rate pricing, reducing its
revenues.
DoCoMo net profit drops 13 percent
ABOUT AUTHOR
