NTT Investment Partners, a corporate venturing unit of Japan-based phone operator Nippon Telegraph & Telephone, has invested $2m in Migo Entertainment, a Philippines-based digital content distributor.
Migo mainly provides digital services including software development, hardware engineering, content acquisition, infrastructure deployment and mobile ecosystems in Taiwan and Philippines.
Japan-based NTT Investment Partners raised $93m of its Y10bn ($130m) fund from NTT, which also commits to US-based corporate venturing unit Docomo Capital.
NTT Investment Partners’ 26 portfolio companies include Agile Media Networks through a 2009 investment, LD, and Hanazukan.
Separately, Japanese electronics heavyweights Fujitsu and NEC, together with the country’s largest mobile operator NTT DoCoMo, said Wednesday they will form a new joint venture to build and sell wireless chips for smartphones.
The venture, Access Network Technology, will focus on creating chips that combine wireless modems with other functions, cutting the number of chips needed to make a phone and reducing reliance on outside vendors.