NTT, SBI Announce Biz, Capital Tie-Up

NTT, SBI Announce Biz, Capital Tie-Up

NTT Docomo President Yoshiaki Maeda, NTT President Akira Shimada, SBI Holdings Chairman and President Yoshitaka Kitao and SBI Sumishin Net Bank President Noriaki Maruyama (from left to right) in Tokyo on Thursday
NTT Docomo President Yoshiaki Maeda, NTT President Akira Shimada, SBI Holdings Chairman and President Yoshitaka Kitao and SBI Sumishin Net Bank President Noriaki Maruyama (from left to right) in Tokyo on Thursday

   Tokyo, May 29 (Jiji Press)--Nippon Telegraph and Telephone Corp. and online financial group SBI Holdings Inc. on Thursday announced their business and capital tie-up and a plan for NTT Docomo Inc., NTT's mobile phone unit, to acquire SBI Sumishin Net Bank, in which SBI Holdings has a stake.
   NTT will take a roughly 8 pct stake in SBI Holdings for about 110.8 billion yen by underwriting new shares to be issued through a third-party allotment scheme.

(2025/05/29-19:36)

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