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.
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.
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