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Vodafone may acquire 25% of Japan Telecom shares.

Yomiuri Shimbun/Daily Yomiuri

| February 27, 2001 | COPYRIGHT 1999 Yomiuri Shimbun. (Hide copyright information)Copyright

Vodafone may acquire 25% of Japan Telecom shares Yomiuri Britain's Vodafone Group PLC, which agreed in December to acquire 15 percent of Japan Telecom Co.'s shares, is in the final phase of talks with AT&T Corp., a major shareholder of the Japanese telecommunications carrier, to acquire an additional 10 percent of the Japanese firm's shares from the U.S. firm, sources said Sunday. If Vodafone, the world's largest wireless phone company, and AT&T agree to the share transfer, the British firm's stake in Japan Telecom will amount to 25 percent, making Vodafone the largest shareholder of the Japanese firm, surpassing East Japan Railway Co., which currently holds 15.1 percent of …

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