NTT DOCOMO to Acquire CARTA HOLDINGS and Form Alliance with Dentsu Group

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The latest announcement is out from Nippon Telegraph and Telephone ( (JP:9432) ).

NTT DOCOMO, a subsidiary of Nippon Telegraph and Telephone Corporation, announced plans to acquire CARTA HOLDINGS Inc. through a tender offer and establish a business and capital alliance with CARTA’s parent company, Dentsu Group Inc. This strategic move aims to delist CARTA HOLDINGS from the Tokyo Stock Exchange, making NTT DOCOMO and Dentsu Group the sole shareholders, thereby strengthening NTT’s market position and expanding its business operations.

The most recent analyst rating on (JP:9432) stock is a Hold with a Yen150.00 price target. To see the full list of analyst forecasts on Nippon Telegraph and Telephone stock, see the JP:9432 Stock Forecast page.

More about Nippon Telegraph and Telephone

Nippon Telegraph and Telephone Corporation (NTT) operates in the telecommunications industry, primarily providing consumer communications services and smart life business solutions through its subsidiary, NTT DOCOMO, Inc. The company is listed on the Prime Market of the Tokyo Stock Exchange and is a major player in the Japanese telecommunications market.

YTD Price Performance: -0.36%

Average Trading Volume: 174,822,239

Technical Sentiment Signal: Buy

Current Market Cap: Yen13185.9B

Find detailed analytics on 9432 stock on TipRanks’ Stock Analysis page.

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