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Telecommunication

NTT installs stalwart as Docomo president in clean break

Telecom group moves swiftly ahead of buyout as threat of fee cuts looms

NTT Docomo's incoming president, Motoyuki Ii, right, attends a news conference on Sept. 29 with outgoing President Kazuhiro Yoshizawa.

TOKYO -- Nippon Telegraph & Telephone has moved quickly to take control of its listed wireless unit NTT Docomo ahead of a $40 billion tender offer that will make it the sole owner, announcing Tuesday that a trusted ally of NTT President Jun Sawada will become head of Docomo.

Motoyuki Ii will become the new president as of Dec. 1, the company said. Ii has only had a brief tenure at Docomo, trading his position as executive vice president and board member from NTT to Docomo in June.

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