TOKYO, Sept 29(AFP): Japan's biggest mobile carrier NTT Docomo will be taken over by its parent company, government-backed Nippon Telegraph & Telephone, in a tender offer worth US$40 billion, the two firms said on Tuesday.
The move comes with Docomo and other Japanese telecoms firms under government pressure to cut the price of mobile phone services, and is expected to help the company boost investment in 5G tech.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
