NTT Japan's largest telecommunications company plans to pay a 41% premium on shares of the part of Docomo that it does not own. NTT owns 66% of shares of Docomo. The $40 billion deal is designed to speed up decision making and compete in world markets. New prime minister Yoshihide Suga is pushing for lowering of high mobile phone service prices. Japanese government owns one third of NTT. This move will enable NTT Docomo to act on this important step of lowering prices as Japan reorganizes its business sector so that it can compete effectively with China and the U.S.
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