TOKYO: Japan's Nippon Telegraph<\/a> and Telephone Corp (NTT<\/a>) said it is looking at taking full control of its wireless carrier business in a deal that could be worth around 4 trillion yen ($38 billion) and pave the way for price cuts in the sector.

The buyout will be discussed at a board meeting on Tuesday, NTT said in a statement following a Nikkei newspaper report on the matter. The value of the 34% of
NTT Docomo<\/a> Inc's shares not owned by NTT is based on a 30% premium to Monday's closing price, Reuters calculations showed.

The move comes as Japan's new prime minister Yoshihide Suga launches a fresh attempt to push the country's three biggest mobile network providers into cutting fees. The government is NTT's biggest shareholder, with a 34% stake.

At $38 billion, the deal would be the fifth-largest M&A transaction involving a Japanese company, Refinitiv data showed. It would also be the largest-ever tender offer for a Japanese company, Nikkei reported.

A buyout will have broad implications for the sector, with any fee cuts likely to be followed by NTT
Docomo<\/a> peers KDDI Corp and SoftBank Corp, hitting profit margins.

NTT shares fell as much as 5.8% in early trade. NTT Docomo shares were untraded with a glut of buy orders.

KDDI and SoftBank Corp shares fell around 4%, with SoftBank touching record lows, as the telcos continue their slide which began when the previous prime minister, Shinzo Abe, announced plans to resign on Aug. 28.

NTT Docomo was spun off from Japan's former state monopoly in 1992 as part of government efforts to drive competition in the sector. It listed in 1998.

\"Post acquisition, Docomo will no longer be answerable to shareholders. If the government instructs it to cut prices, it will oblige,\" Jefferies analyst Atul Goyal wrote in a client note.

The government wants lower fees to stimulate spending in other parts of the economy, with Chief Cabinet Secretary Katsunobu Kato on Tuesday reiterating calls for \"visible progress on lowering mobile phone charges,\" in comments to reporters.

Pressure from Suga comes as carriers invest in building fifth-generation services widely seen as critical to ensuring Japan's competitiveness.

The buyout \"is driven more by the potential to develop 5G and IoT services than regulatory pressure,\" said analyst Kirk Boodry at Redex Research, referring to the Internet of Things. The
industry<\/a> is seeking \"new, less regulated revenue streams,\" he said.

Telecoms ministry efforts to enhance competition include backing Rakuten Inc's entry into the sector this year. The e-commerce firm's model of low-cost plans could come under strain, however, should broader prices fall.

Price pressure comes as SoftBank Group Corp sells down its stake in its wireless unit, forgoing stable dividend income in favour of a cash injection as it focuses on investing.

NTT Docomo is a popular stock among retail investors meaning its potential exit from the market will likely make a big impact, said analyst Ichiro Kurihara at Tachibana Securities.

A buyout would also mark the end of a prominent \"parent-child\" listing that are frowned on in other economies but remain common in Japan.

NTT will fund the acquisition through 4 trillion yen in loans from Japan's three biggest banks and others before turning to longer term loans and debt issuance, Nikkei reported.

The telecoms firm had more than 1 trillion yen in cash and cash equivalents on its balance sheet at June-end.

<\/p><\/body>","next_sibling":[{"msid":78370042,"title":"Three top Apple suppliers to commit $900 million to India smartphone incentive plan, say sources","entity_type":"ARTICLE","link":"\/news\/three-top-apple-suppliers-to-commit-900-million-to-india-smartphone-incentive-plan-say-sources\/78370042","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"78369907","title":"New Telecom _BCCL 2","entity_type":"IMAGES","seopath":"news\/international\/business\/ntt-to-take-full-control-of-wireless-unit-ntt-docomo-for-38-bn-report\/new-telecom-_bccl-2","category_name":"Japan's NTT launches $40 billion buyout of wireless unit Docomo","synopsis":"(Representational image)","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-229860\/78369907.cms?width=150&height=112","link":"\/image\/international\/business\/ntt-to-take-full-control-of-wireless-unit-ntt-docomo-for-38-bn-report\/new-telecom-_bccl-2\/78369907"}],"msid":78370070,"entity_type":"ARTICLE","title":"Japan's NTT weighs potential $38 bln buyout of wireless unit Docomo","synopsis":"Japan's Nippon Telegraph and Telephone Corp (NTT) said it is looking at taking full control of its wireless carrier business in a deal that could be worth around 4 trillion yen ($38 billion) and pave the way for price cuts in the sector.","titleseo":"telecomnews\/ntt-to-take-full-control-of-wireless-unit-ntt-docomo-for-38-bn-report","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":283,"shares":0,"engagementtimems":1401000},"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2020-09-28 22:00:16","lastupd":"2020-09-29 11:10:24","breadcrumbTags":["NTT Docomo","docomo","Nippon Telegraph","Industry","Japanese telecoms","international","nikkei business","NTT"],"secinfo":{"seolocation":"telecomnews\/ntt-to-take-full-control-of-wireless-unit-ntt-docomo-for-38-bn-report"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2020-09-28" data-index="article_1">

日本NTT重无线单元Docomo的潜在38美元左右的收购

日本日本电报电话公司(NTT)表示,它正在考虑采取完全控制其无线运营商业务交易价值约4万亿日元(380亿美元)和行业为降价铺平道路。

  • 更新2020年9月29日上午11时,坚持
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东京:日本日本电报和电话公司(日本电报电话公司)表示,它正在考虑采取完全控制其无线运营商业务交易价值约4万亿日元(380亿美元)和行业为降价铺平道路。

收购将在周二的董事会会议讨论,NTT日经报纸报道后在一份声明中说。乐动扑克的价值的34%NTT Docomo公司股价不属于NTT基于周一收盘价有30%的溢价,路透计算显示。

此举正值日本新首相菅义伟启动一个新的尝试推动该国三大移动网络运营商削减费用。政府NTT的最大股东,持有34%的股份。

广告
为380亿美元,这笔交易将成为第五大并购交易涉及日本公司,Refinitiv数据显示。这也将是有史以来最大的日本公司的收购要约,日经指数报告。

收购将对该领域产生广泛影响,与任何费用削减可能NTT紧随其后Docomo同行KDDI Corp .)和软银集团,利润率。

日本电报电话公司的股票在早盘交易中下跌5.8%。NTT Docomo股价各国政府大量购买订单。

KDDI和软银集团股价下跌约4%,与软银触及纪录低点,随着电信公司继续下滑始于前首相,安倍晋三(Shinzo Abe) 8月28日宣布辞职。

从日本NTT Docomo被剥离的前1992年国家垄断的政府努力推动该行业的竞争。它在1998年上市。

“后收购,Docomo将不再向股东负责。如果政府指示它降价,这将迫使,”Jefferies分析师Atul Goyal在给客户的报告中写道。

政府希望减少费用的其他部分经济刺激支出,与内阁官房长官Katsunobu加藤周二重申呼吁“降低移动电话费用上取得明显进展,”他在对记者发表讲话。

来自日本须贺的压力之际,运营商投资构建第五代服务普遍视为确保日本的竞争力的关键。

广告
收购”是驱动开发5 g的潜力比监管压力和物联网服务,”分析师柯克说Boodry Redex研究,指的是物联网。的行业正在寻求“新的监管较少的收入来源,”他说。

电信部门努力提高竞争包括支持乐天公司的今年进入该行业。低成本的电子商务公司的模型计划可能会受到压力,然而,应该更广泛的价格下跌。

价格压力之际,软银集团出售其股份无线单元,放弃稳定的股息收入的现金注入,因为它专注于投资。

NTT Docomo股票成为散户投资者意味着其潜在退出市场可能会产生很大的影响,立花证券分析师栗原市一郎说。

收购也将标志着著名的结束“父子”清单,皱着眉头在其他经济体在日本但仍然常见。

NTT收购资金4万亿日元的贷款从日本的三大银行和其他转向长期贷款和债券发行之前,日经指数报告。

电信公司已经超过1万亿日元的现金和现金等价物在June-end资产负债表上。

  • 于2020年9月28日晚上10点坚持
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TOKYO: Japan's Nippon Telegraph<\/a> and Telephone Corp (NTT<\/a>) said it is looking at taking full control of its wireless carrier business in a deal that could be worth around 4 trillion yen ($38 billion) and pave the way for price cuts in the sector.

The buyout will be discussed at a board meeting on Tuesday, NTT said in a statement following a Nikkei newspaper report on the matter. The value of the 34% of
NTT Docomo<\/a> Inc's shares not owned by NTT is based on a 30% premium to Monday's closing price, Reuters calculations showed.

The move comes as Japan's new prime minister Yoshihide Suga launches a fresh attempt to push the country's three biggest mobile network providers into cutting fees. The government is NTT's biggest shareholder, with a 34% stake.

At $38 billion, the deal would be the fifth-largest M&A transaction involving a Japanese company, Refinitiv data showed. It would also be the largest-ever tender offer for a Japanese company, Nikkei reported.

A buyout will have broad implications for the sector, with any fee cuts likely to be followed by NTT
Docomo<\/a> peers KDDI Corp and SoftBank Corp, hitting profit margins.

NTT shares fell as much as 5.8% in early trade. NTT Docomo shares were untraded with a glut of buy orders.

KDDI and SoftBank Corp shares fell around 4%, with SoftBank touching record lows, as the telcos continue their slide which began when the previous prime minister, Shinzo Abe, announced plans to resign on Aug. 28.

NTT Docomo was spun off from Japan's former state monopoly in 1992 as part of government efforts to drive competition in the sector. It listed in 1998.

\"Post acquisition, Docomo will no longer be answerable to shareholders. If the government instructs it to cut prices, it will oblige,\" Jefferies analyst Atul Goyal wrote in a client note.

The government wants lower fees to stimulate spending in other parts of the economy, with Chief Cabinet Secretary Katsunobu Kato on Tuesday reiterating calls for \"visible progress on lowering mobile phone charges,\" in comments to reporters.

Pressure from Suga comes as carriers invest in building fifth-generation services widely seen as critical to ensuring Japan's competitiveness.

The buyout \"is driven more by the potential to develop 5G and IoT services than regulatory pressure,\" said analyst Kirk Boodry at Redex Research, referring to the Internet of Things. The
industry<\/a> is seeking \"new, less regulated revenue streams,\" he said.

Telecoms ministry efforts to enhance competition include backing Rakuten Inc's entry into the sector this year. The e-commerce firm's model of low-cost plans could come under strain, however, should broader prices fall.

Price pressure comes as SoftBank Group Corp sells down its stake in its wireless unit, forgoing stable dividend income in favour of a cash injection as it focuses on investing.

NTT Docomo is a popular stock among retail investors meaning its potential exit from the market will likely make a big impact, said analyst Ichiro Kurihara at Tachibana Securities.

A buyout would also mark the end of a prominent \"parent-child\" listing that are frowned on in other economies but remain common in Japan.

NTT will fund the acquisition through 4 trillion yen in loans from Japan's three biggest banks and others before turning to longer term loans and debt issuance, Nikkei reported.

The telecoms firm had more than 1 trillion yen in cash and cash equivalents on its balance sheet at June-end.

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