Government to return NTT shares

6 Sep 2005

The Japanese government is selling 1.12 million shares in Nippon Telegraph and Telephone Corp (NTT) back to the telco for JPY542.4 billion (USD4.9 billion), completing its divestment programme. When the sale is completed the government will own 5.2 million shares, or 33.7%, in the telco.

Japan, NTT (NTT East & NTT West)