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Tokyo, Japan -- Morrison & Foerster has advised Japan's Mobile Broadcasting Corporation -- subsidiary of Toshiba Corporation -- in connection with its agreement with SK Telecom Co., Ltd. -- South Korea's leading wireless telecommunications provider -- to co-own and operate a mobile broadcasting satellite.

The satellite -- which is being manufactured by Space Systems/Loral of the United States and is scheduled to be launched later this year -- will be used by MBCO to broadcast digital television and audio programming to hand-held devices to consumers within Japan. SK Telecom plans to use the satellite to offer a similar service in the South Korean market. Both companies intend to launch their respective services by April of 2004, and each hopes to eventually make programming available through mobile telephones. The services will be the first in the world to offer mobile digital television programming to consumers.

The co-ownership arrangement is unprecedented in that never before has ownership of a broadcast satellite been split between two nations and two distinct operators.

Ken Siegel, managing partner of Morrison & Foerster's Tokyo office, lead the MoFo team on the transaction, and was assisted by Tokyo associates Joyce Kuo, Doug Perkins and Jeannie Simpson.