Japanese incumbent NTT has spent JPY366.5 billion buying back 800,145 of its own shares. The company said the move was designed to counteract the effect of concerns about a share sale by the Japanese government, which have put downward pressure on the value of NTT’s stock. The government said yesterday that it would sell 800,000 NTT shares to help ease the budget deficit. 46% of shares in NTT are currently government-owned.
Subscribe
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse
Filter
Filter CommsUpdate by the following categories or use the search.
Search
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
Advertise
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors
- Regulators