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Wireless

NTT launches JPY 4.25 trillion buyout offer for mobile unit Docomo

Tuesday 29 September 2020 | 09:28 CET | News
Update: 29 September 2020 | 15:20 CET
Japanese operator Nippon Telegraph and Telephone (NTT) plans to take its mobile business NTT Docomo private. Docomo confirmed it supports the offer of JPY 3,900 per share for the 34 percent of the company NTT does not already own, after receiving an independent fairness opinion. The offer is a significant premium on Docomo's last closing share price, of JPY 2,775, and represents a total value of JPY 4.25 trillion. 

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[29/09/2020 15:20- Update: Updates with confirmation from Docomo, new CEO. ]


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Categories: Mobile & Wireless
Companies: NTT / NTT DoCoMo
Countries: Japan
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