DoCoMo Shares Fall to Lowest Since 1998 on Forecast: Tokyo Mover- Bloomberg
NTT DoCoMo Inc. , Japan’s largest mobile-phone company, fell to the lowest level in 14 years in Tokyo trading.
DoCoMo’s rivals have turned to acquisitions as part of their strategy to drive growth as they foresee the domestic market slowing down. Softbank, the third-largest wireless services provider, announced a $20 billion investment in U.S.’s Sprint Nextel Corp. on Oct. 15. KDDI and Sumitomo Corp. offered as much as 216 billion yen on Oct. 24 to buy out Jupiter Telecommunications Co., Japan
’s biggest cable-TV operator.
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