Japan’s NTT to buy out wireless unit Docomo in $40bn deal
The deal opens the way to lower prices as new Prime Minister Yoshihide Suga pushes for wireless carriers to cut fees
29 September 2020 - 17:56
Tokyo — Japan's Nippon Telegraph and Telephone said on Monday it will spend ¥4.25-trillion ($40bn) to take its wireless carrier business private, in a deal that opens the path to lower prices as the government calls for cuts.
NTT will launch Japan's largest-ever tender offer for the 34% of NTT Docomo stock that it does not own, the firm said in a statement. The telecom firm will offer ¥3,900 per share, a premium of 40.5% to Monday's closing price...
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