Japanese cellco NTT Docomo has announced plans to buy back up to Y20bn (US$238m) worth of shares to increase the flexibility of its capital structure.
According to a stock market filing, 160,000 shares will be repurchased from 20 December this year.
The…
Japanese cellco NTT Docomo has announced plans to buy back up to Y20bn (US$238m) worth of shares to increase the flexibility of its capital structure.
According to a stock market filing, 160,000 shares will be repurchased from 20 December this year.
The company, which was unable to comment before the press deadline, expects its share repurchase to be completed by 28 January 2011.
Meanwhile, NTT Docomo is considering paying off Y158bn (US$1.88bn) of bonds as they mature by 31 March 2010, reported Bloomberg yesterday.
Separate reports from earlier this year cited executive director Mutso Yamamoto saying NTT DoCoMo is considering buying Indian operators with JV partner Tata Teleservices.
However, India’s regulatory framework would need to become conducive to consolidation in order for NTT DoCoMo to make headway in the country, Yamamoto reportedly said.
