Monday September 20, 8:56 pm Eastern Time
(Note: this article is ''in progress''; there will likely be an update soon.)
Japan's DDI says considering merger with IDO
TOKYO, Sept 21 (Reuters) - Japanese telecom carrier DDI Corp said on Tuesday that it is considering a merger with
Nippon Idou Tsushin Co (IDO), but no final decision has yet been reached.
Asked about a media report that DDI was in the final stage of merger talks with IDO, a DDI spokesman said, ''We are
considering it (a merger), but no final decision has been made yet.''
The Nihon Keizai Shimbun business daily reported on Tuesday that DDI, Japan's second-largest telecom carrier and an
affiliate of Kyocera Corp , was in the final stage of talks with IDO, a cell phone subsidiary of Toyota Motor Corp , to merge as early as next April.
A Toyota spokesman said, however, that his company had not heard of any talks between DDI and IDO aimed at a merger.
DDI said in a statement it was already cooperating with IDO in a digital cellular phone service in Japan, called cdmaOne, that was launched in April.
(Note: this article is ''in progress''; there will likely be an update soon.)
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