NTT Corp now mulling NTT Communications move, report says

9 Feb 2021

Having completed a tender offer for wireless arm NTT DOCOMO in November 2020, in the process upping its stake to 91.46% in the USD38 billion transaction, Nippon Telegraph and Telephone Corp (NTT Corp) is now said to be eyeing affiliate NTT Communications. Light Reading cites NTT’s Executive Vice President Michio Fujiwara as confirming at a results briefing that the company is weighing the acquisition of sister firm NTT Communications. The official pointed out that the takeover of DOCOMO – which was fully reabsorbed back into the company in December 2020, although it will continue to report its results separately – offers greater efficiencies and cost savings in ‘both networks and sales operations’, Fujiwara said adding that while no final decision has been taken on whether to acquire the company: ‘Since we are in the era of convergence we will be trying to integrate the core network down the road’.

Japan, Nippon Telegraph and Telephone Corporation (NTT Corp), NTT Communications, NTT DOCOMO