NTTYY - Nippon Telegraph And Telephone: Strong 5G Play After Taking DoCoMo Private

• NTT, which currently owns DoCoMo at 66.2%, intends to purchase the remaining 33.8% after which it will wholly own the mobile company.
• An analysis of the Japanese 5G market and the competition shows that this acquisition makes sense.
• There are significant cost and revenue synergies to be gained through the creation of a giant 5G play in the Asia Pacific region.
• Still, benefiting from synergies is conditional as to how DoCoMo is integrated into the NTT ecosystem.
• Given the potential increase in revenue and profitability, NTT is a buy.

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