The reports said NTT 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<\/a>.
The company's shares fell 3.1 per cent. 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.
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.\"<\/body>","next_sibling":[{"msid":78400443,"title":"Samsung tops global smartphone market in August: Report","entity_type":"ARTICLE","link":"\/news\/samsung-tops-global-smartphone-market-in-august-report\/78400443","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":78400853,"entity_type":"ARTICLE","title":"Phone giant NTT plans to take over, delist Docomo","synopsis":"Mito (Japan), Sep 29 (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.","titleseo":"telecomnews\/phone-giant-ntt-plans-to-take-over-delist-docomo","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":171,"shares":0,"engagementtimems":850000},"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2020-09-30 12:06:09","lastupd":"2020-09-30 12:08:26","breadcrumbTags":["docomo","Nippon Telegraph & Telephone","Industry","international","KDDI","NTT","telecom news"],"secinfo":{"seolocation":"telecomnews\/phone-giant-ntt-plans-to-take-over-delist-docomo"}}" data-news_link="//www.iser-br.com/news/phone-giant-ntt-plans-to-take-over-delist-docomo/78400853">