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DoCoMo to list shares in NY, London in March-paper
Posted: 18-Jan-2002 [Source: Reuters via Yahoo]

[DoCoMo CEO, Keiji Tachikawa, to hold news conference January 25 at 0600 GMT with expectation an announcement will be made about listing shares on both the New York and London exchanges beginning March 1.]

by Eriko Amaha, Tokyo -- "In the third such media report in as many weeks, a Japanese business daily said on Friday that mobile operator NTT DoCoMo Inc has decided to list its shares on the New York and London stock exchanges this spring.

"The Nihon Keizai Shimbun reported that Japan's largest mobile operator will list its shares on March 1, without issuing new shares, in a move analysts said would be aimed at boosting its international profile and raising funds for further acquisitions.

"A spokesman for DoCoMo said that nothing had been decided, but the report follows similar ones earlier this month by the Sankei Shimbun newspaper and national broadcaster NHK that the firm would list its shares on the bourses as early as April.

"Investors took the latest report seriously, sending DoCoMo's shares up 3.62 percent to close at 1.43 million yen, helping carry parent company Nippon Telegraph and Telephone Corp (NTT) higher by 1.74 percent.

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