- I am negative on NTT Corporation's acquisition of NTT Docomo, because of the hefty price premium, the higher financial leverage, and the increased likelihood of lower mobile charges.
- NTT Corporation's new mobile plan introduced in early-December 2020 is a reflection of pricing pressures and the threat of a new entrant.
- NTT Corporation trades at 10.6 times consensus forward FY 2021 (YE March) P/E, and it offers a consensus forward FY 2021 dividend yield of 3.8%.
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Nippon Telegraph And Telephone: Acquisition And New Mobile Plan Draw Attention