⁍ The move comes as Japan’s new prime minister Yoshihide Suga launches a fresh attempt to push the country’s top three mobile phone carriers into cutting carrier fees.

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⁍ A deal will have broad implications for the sector, with any cuts in fees expected to be followed by NTT’s peers KDDI Corp 9433.T and SoftBank Corp 9434.T.

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⁍ The government hopes that lower carrier fees will help stimulate spending in other parts of the economy.

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– Japanese telecom giant Nippon Telegraph and Telephone says it is considering taking full control of its wireless carrier business in a deal that could be worth as much as $38 billion. The company says it is considering a tender offer that would see it buy out the 34% of NTT Docomo it doesn’t own, Reuters reports. The value of the 34% of NTT Docomo’s shares not owned by NTT is based on a 30% premium to Monday’s closing price. The move comes as Japan’s new prime minister, Yoshihide Suga, launches a fresh attempt to push the country’s top three mobile phone carriers into cutting carrier fees. The government is NTT’s biggest shareholder, with a 34% stake. A deal will have broad implications for the sector, with any cuts in fees expected to be followed by NTT’s peers KDDI Corp, SoftBank Corp, and SoftBank Corp, listed in 1998. NTT Docomo was spun off from Japan’s former state monopoly in 1992 as part of the government’s efforts to drive competition in the sector and listed in 1998. “Post acquisition, Docomo will no longer be answerable to shareholders,” Jefferies analyst Atul Goyal wrote in a client note. “If the government instructs it to cut prices, it will oblige.”