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Marubeni says to buy NEC Mobiling for $800 mln
April 26, 2013 / 6:20 AM / 4 years ago

Marubeni says to buy NEC Mobiling for $800 mln

TOKYO, April 26 (Reuters) - Japanese trading company Marubeni Corp said on Friday its telecom unit will buy NEC Mobiling Ltd for 80 billion yen ($804 million), or 5,510 yen per share.

NEC Corp holds a 51 percent stake in NEC Mobiling, which runs a chain of mobile phone retail shops for NTT Docomo Inc.

$1 = 99.4900 Japanese yen Reporting by Dominic Lau; Editing by Shinichi Saoshiro

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