TOKYO -- Bain Capital announced on Monday that it will acquire Japan's largest cellphone sales agent, T-Gaia, purchasing the stakes of major shareholders Sumitomo Corp. and Tokyo-based Hikari Tsushin.
Business deals
Bain to buy Japan's largest smartphone retailer for $980m
Sumitomo Corp. and Hikari Tsushin to sell T-Gaia stakes
Japan's T-Gaia runs over 1,700 retail outlets for NTT DoCoMo, KDDI, SoftBank and other service providers. (Source photos by Nikkei)
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