Docomo to invest $50M in Pioneer for intelligent transport push
The Japanese carrier will integrate Pioneer's in-car navigation telematics technologies, with its mobile cloud expertise to make a full-scale entry into the field of intelligent transport systems (ITS).
Japanese carrier Docomo will form a business and capital alliance with Pioneer, to make a full-scale entry into the field of intelligent transport systems (ITS).
In a press release Monday, Docomo said it will integrate Pioneer's in-car navigation telematics technologies and related peripheral development capabilities with its mobile cloud expertise.
"The envisioned in-car ITS system will use probe data gathered from Pioneer's car-mounted navigation system and Docomo smartphones in moving vehicles to process detailed traffic information in Pioneer's ITS cloud platform," said the telco.
It added the information gathered would be integrated with various other services which will be jointly developed for individual and corporate customers. Both companies will also develop and sell compatible car-mounted communication devices.
Under the capital alliance, Docomo plans to invest about five billion yen (US$50 million) through a third-party allocation of new shares to acquire an about 7 percent stake in Pioneer by June 28, 2013.
Both sides have partnered previously in the integration of car electronics and information services, including the "docomo Drive Net" navigation service, which incorporates the telco's smartphones placed in dashboard-mounted cradles.