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

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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)

WATARU SUZUKI and NANA SHIBATA, Nikkei staff writers

September 29, 2020 11:04 JST

Updated on September 29, 2020 18:10 JST

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."