MITO, Japan (AP) – Shares in Japanese telecoms giant Nippon Telegraph & Telephone, or NTT, fell Tuesday on news it is preparing for a takeover of its mobile phone carrier NTT DoCoMo.

The Nihon Keizai Shimbun and other media reported that DoCoMo’s board would meet later in the day to vote on the plan. DoCoMo said in a release it had no news to report ahead of the board meeting.

It said, “once a decision is made, our company will make an announcement promptly.”

The reports said NTT Corp. plans to delist NTT DoCoMo, taking it private to enable the mobile carrier to offer cheaper rates in competition with rivals such as SoftBank and KDDI.

The company’s shares fell 2.4%. DoCoMo’s shares were suspended from trading.

NTT’s reported plan dovetails with newly installed Prime Minister Yoshihide Suga’s push for lower telecoms rates.

NTT DoCoMo is Japan’s largest mobile carrier and

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Oliver Samwer, CEO and founder Rocket Internet, on the floor of the Frankfurt Stock Exchange in October 2014.

Arne Dedert | picture alliance via Getty Images

German tech investment firm Rocket Internet is set to delist, the company announced Tuesday, around six years after it went public on the Frankfurt Stock Exchange.

The Berlin-based firm — which is often referred to as a start-up factory — said in a statement that it was offering investors 18.57 euros ($22.23) for each of their shares, lower than Monday’s closing price of 18.95 euros. Rocket Internet shares initially rose on the news Tuesday morning, before falling around 1.3%.

Founded in 2007, Rocket Internet became controversial for building start-ups that cloned the business models of U.S. internet giants such as Amazon, Uber and Airbnb. For its part, Rocket Internet says it merely adapts proven models for untapped local markets. Some of its most notable

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