Announced
Completed
Financials
Tags
Completed
mobile phones
Mobile
Tender Offer
Privatisation
mobile communications
Domestic
Friendly
Japan
Public
Majority
Acquisition
Single Bidder
Synopsis
Nippon Telegraph and Telephone, a Japanese telecommunications company headquartered in Tokyo, completed the acquisition and privatization of its mobile unit NTT Docomo for $40bn. By making NTT Docomo a wholly owned company, NTT would be able to make changes that directly reflect government requests at the mobile phone service provider, which is the largest domestic carrier in terms of its number of subscribers. NTT is also expected to streamline operational costs by strengthening collaboration.
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