DC Advisory advised NEC Corporation on the issuance of a ¥64.4 bn stake to Nippon Telegraph and Telephone

DC Advisory advises electronics company, NEC Corporation (NEC), on Japanese telecom conglomerate Nippon Telegraph and Telephone's (NTT) acquiring a 4.8% stake as part of a tie-up to develop fifth-generation wireless technology.

NTT, headquartered in Chiyoda-ku, Tokyo and NEC Corporation, headquartered in Minato-ku, Tokyo, agreed to form a capital and business alliance for the purpose of joint research and development and the global rollout of ICT products utilizing innovative optical and wireless technologies.

The companies aim to improve their corporate value by expanding sales of products applying jointly developed technologies through this alliance. In addition, through these initiatives, the companies will contribute to enhancing the industrial competitiveness of Japan and further ensure safe and reliable communication infrastructure, playing leading roles in working with numerous communication equipment vendors.