Japan’s megabanks to extend four trillion yen in loans to NTT for NTT Docomo acquisition: Nikkei
TOKYO (Reuters) – Japan’s three major banks and some others are set to extend about 4 trillion yen ($37.9 billion) in coordinated loans to NTT for the acquisition of its cell service, the Nikkei enterprise every single day reported on Tuesday.
The amount may very well be the largest ever supplied as coordinated loans by Japanese lenders, the financial every single day added.
Nippon Telegraph and Telephone Corp (NTT) <9432.T> talked about it was taking full administration of its wi-fi service enterprise in a deal that may be worth spherical 4 trillion yen ($38 billion) and pave the easiest way for value cuts in the sector.
(Reporting by Chang-Ran Kim and Tetsushi Kajimoto; Editing by Jacqueline Wong)
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