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. Last Updated: 07/27/2016

NTT to Raise Capital

TOKYO -- NTT DoCoMo Inc., the world's second-largest cellular phone company, plans to raise one trillion yen ($9.4 billion) by selling new shares to buy stakes in foreign mobile phone companies, according to Japanese news reports.

NTT DoCoMo is in final talks with VoiceStream Wireless Corp. about buying a 15 percent to 20 percent stake in the U.S. cellular phone company for 400 billion to 500 billion yen, local media reports said.

The day before, the local media reported NTT DoCoMo was negotiating with SK Telecom to buy a 10 percent to 20 percent stake in South Korea's largest mobile telecom firm for 500 billion yen.