a man holding a stop sign in front of a crowd: Passersby wearing protective face masks walk past in front of NTT Docomo shop in Tokyo, Japan


© Reuters/ISSEI KATO
Passersby wearing protective face masks walk past in front of NTT Docomo shop in Tokyo, Japan

By Sam Nussey and Makiko Yamazaki

TOKYO (Reuters) – Japan’s Nippon Telegraph and Telephone Corp (NTT) said it will spend 4.25 trillion yen ($40 billion) to take its wireless carrier business private, in a deal that opens the path to lower prices as the government calls for cuts.



a sign in front of a building: The logo of NTT (Nippon Telegraph and Telephone Corporation) is displayed at the company office in Tokyo


© Reuters/ISSEI KATO
The logo of NTT (Nippon Telegraph and Telephone Corporation) is displayed at the company office in Tokyo

NTT will launch Japan’s largest-ever tender offer for the 34% of NTT Docomo Inc stock that it does not own, the firm said in a statement. The telecoms firm will offer 3,900 yen per share, a premium of 40.5% to Monday’s closing price.



a group of people standing in front of a sign: The logo of NTT Docomo is displayed at its shop in Tokyo, Japan


© Reuters/ISSEI KATO
The logo of NTT Docomo is displayed at its shop in Tokyo, Japan

The buyout comes as

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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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