TOKYO -- NTT Docomo on Friday said it was investing $280 million in U.S. mixed reality headset maker Magic Leap, in a sign of how Japan's largest mobile carrier is racing to lock in content partners as the country enters the age of superfast internet.
Docomo, Japan's largest mobile carrier, obtained regulatory approval to roll out fifth-generation networks earlier this month and plans to launch commercial services in spring 2020. The investment into Magic Leap reveals its 5G strategy: taking a slice of the online subscriptions and services currently paid to content platforms like Netflix and Amazon.
