NTT to sell entire 4.9% stake in NEC while maintaining partnerships
NTT announced it will sell all 65.118 million NEC shares it holds, representing a 4.9% stake, with the sale amount yet to be determined. NTT said it will book approximately ¥189 billion in extraordinary profit from the sale in the October–December 2026 quarter. Its partnerships with NEC on the next-generation communications standard IOWN and submarine cables will continue.