NTT DOCOMO Announces Full Subsidiary Total Acquisition Amount of 4,254.4 Billion Yen

NTT DOCOMO Announces Full Subsidiary Total Acquisitions: 4,254.4 billion yen September 29, 4:33 p.m.

NTT announced that it has decided to acquire all shares of NTT DOCOMO, which is in the mobile phone business, and make it a wholly owned subsidiary. The Acquisition amounted to 4,254.4 billion yen, which was acquired through a public purchase of TOB-shares from general shareholders, etc., with the the the company’s policy of accelerating group management decision-making.

NTT President Sawada: “If DOCOMO becomes stronger, there will be more power to reduce prices.”

Regarding the reduction in mobile phone charges, NTT President Jun Sawada said in an online press conference, “We don’t do fees or cheap services because the government has told them. We will not make DOCOMO a wholly owned subsidiary in order to reduce prices, but if DOCOMO becomes stronger, there will be more power to reduce prices.”

NTT DOCOMO President Yoshizawa”: “We want to realize low-cost, easy-to-use services”

Kazuhiro Yoshizawa, president of NTT DOCOMO, said, “The acquisition of NTT DOCOMO as a wholly owned subsidiary is not directly tied to the price reduction. However, through this, we will strengthen the competitiveness of our networks and services, and as a result, we would like to realize low-cost, easy-to-use services.”

Representative Secretary of Keizai Doyukai: “Strategies and functions may change according to the times.”

At a regular press conference on September 29, Mr. Shibata, the representative secretary of the Keizai Doyukai, said, “I think there is a judgment that holding companies should take on a cross-group digital strategy. I myself believe that holding companies can change their strategies and functions according to the times.”

On top of that, Prime Minister Naoto Kan said of the reduction in mobile phone charges, which he has shown a strong desire to do, “There are times when we can find something that we should try to force what we have said we can’t do. There is no doubt that mobile phone charges are relatively high when seen in the world, so we should review what is wrong as common sense.”