TOKYO -- NTT Docomo is set to acquire SBI Sumishin Net Bank, with plans to launch a tender offer aimed at purchasing two-thirds of the bank's shares, Nikkei has learned.
Business deals
NTT Docomo seeks to purchase SBI Sumishin Net Bank
Deal would signal growing competition among Japan's telecom groups
NTT Docomo's purchase of SBI Sumishin Net Bank means that all major telecommunications companies in Japan will own their own financial institutions. (Source photos by Nikkei)
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