NTT Docomo invests in Magic Leap, to be exclusive Japan distributor

News Wireless Japan 30 APR 2019
NTT Docomo invests in Magic Leap, to be exclusive Japan distributor

The mixed reality device maker Magic Leap has a new investor from the telecom sector. Japan's NTT Docomo has agreed to invest USD 280 million in the company and be its exclusive distributor in Japan, in a deal similar to Magic Leap's arrangements with AT&T and SK Telecom. 

The partnership is expected to help create the future of immersive media content and experiences in Japan. As part of the partnership, Magic Leap and Docomo will also work together to create an immersive media platform using the next generation of Magic Leap devices and Docomo’s 5G network.

Docomo will open up its network of partner creators, enterprises, developers and consumers to Magic Leap to grow the business in Japan. In addition to commercializing relevant consumer and enterprise use cases and creating spatial computing content and services, Magic Leap and Docomo will collaborate to customize Magic Leap’s software operating system for the Japanese market.

Categories:

Mobile

Companies:

NTT Docomo,  Magic Leap

Countries:

Japan

Tags:

Cooperations & alliances, Consumer devices, Financial funding

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