NTT DoCoMo Inc, Japan's leading mobile telephone carrier, has decided to list its shares in New York and London, possibly as early as this April, a Japanese newspaper reported yesterday.
NTT DoCoMo hopes that listing its shares on the world's two largest exchanges will raise its global profile as well as attract funds to finance its expanding operations, said the report in the Sankei newspaper, which cited unnamed company executives. The company plans to finalize by April a new internal accounting system designed to meet the reporting requirements of overseas equity markets, the report said.
NTT DoCoMo quickly became one of corporate Japan's superstars after being spun off from Japan's largest telecommunications company in 1991, scoring a megahit with an Internet-connectable mobile service called i-mode. It went public on the Tokyo Stock Exchange in October 1998.
Officials could not be reached to comment on the report.
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