NTT, SBI Eye Biz, Capital Tie-Up

Tokyo, May 29 (Jiji Press)--Nippon Telegraph and Telephone Corp. and online financial group SBI Holdings Inc. plan to forge a business and capital tie-up, it was learned Thursday. NTT will acquire new SBI Holdings shares to be issued in a third-party allotment program. Through the anticipated alliance, the two sides hope to work together to merge the two worlds of telecommunications and f...

NTT, SBI Eye Biz, Capital Tie-Up
Tokyo, May 29 (Jiji Press)--Nippon Telegraph and Telephone Corp. and online financial group SBI Holdings Inc. plan to forge a business and capital tie-up, it was learned Thursday. NTT will acquire new SBI Holdings shares to be issued in a third-party allotment program. Through the anticipated alliance, the two sides hope to work together to merge the two worlds of telecommunications and f...