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Business deals

NTT to take over wireless unit Docomo for $38bn

Exclusive: Japan's top mobile carrier to delist as group prepares for Suga price cuts

Nippon Telegraph & Telephone seeks to advance its 5G strategy by taking full control of wireless unit NTT Docomo. (Source photos by Nikkei)

TOKYO -- Nippon Telegraph & Telephone will turn listed wireless carrier NTT Docomo into a wholly owned subsidiary via a tender offer expected to be worth around $38 billion, the largest ever for a Japanese company, Nikkei has learned.

The telecommunications group will seek to purchase the roughly 34% of outstanding Docomo stock held by other shareholders and will delist the carrier once the transaction is complete.

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