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Telecommunication

NTT to take over Docomo, aiming to accelerate research on 6G tech

KDDI and SoftBank slide as Japan's biggest carrier responds to pressure from new PM

NTT announced on Sept. 29 that it will take telecommunications unit NTT Docomo private in a 4.25 trillion yen ($40.1 billion) takeover bid. (Photo by Nikkei)

TOKYO -- Nippon Telegraph & Telephone announced on Tuesday that it will take telecommunications unit NTT Docomo private in a 4.25 trillion yen ($40.1 billion) takeover bid, raising expectations of a fresh rate war in Japan's mobile phone industry.

"We are not doing this [acquisition] to cut mobile phone bills," NTT President Jun Sawada told reporters during a news conference. "But as a result, [of the deal] there will be room for price cuts."

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