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The Japanese government plans to sell up to 1.12 million shares in NTT, reducing its stake in the former telecom monopoly to 33.3 per cent, which is the minimum level of ownership the government is required to hold in the company.

January 15, 2005



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The Japanese government plans to sell up to 1.12 million shares in NTT, reducing its stake in the former telecom monopoly to 33.3 per cent, which is the minimum level of ownership the government is required to hold in the company. Currently, the government holds 40.8 per cent of NTT. The government began selling its shares in NTT in 1987, but has not sold any shares since 2000 due to the weakness of the market and the group's poor outlook.

 
 

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