DoCoMo to Invest in Korea's KTF?
NTT DoCoMo Inc. is in final talks to buy a 10 percent stake in South Korea’s KTF Co. Ltd. for as much as $500 million as Japan’s top mobile carrier seeks new avenues of growth, industry sources said on Tuesday. The deal between DoCoMo and South Korea’s second-ranked mobile operator could be announced as early as this week, the sources told Reuters.
The two companies have been rumoured to be in talks in the past, and analysts say a tie-up could make sense given strong trade ties and active tourism between Japan and South Korea. Full story here.