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DoCoMo buys into Family Mart

Date Posted: 2007-06-08

The nation's largest convenience store chain is teaming with a principal mobile phone service provider in a stock and cash deal worth more than ¥9 billion.

NTT DoCoMo and Family Mart say they’ll join forces, with NTT purchasing a three percent ownership share of the convenience store giant. The deal is said to involve both capital and operational tieups.

Beginning July 10th, DoCoMo users will be able to visit any of Family Mart’s 7,000 locations nationwide and, using their DoCoMo special handsets, make payments. The special handsets have technology to provide credit services.

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