NTT Docomo Weighs Selling Real Estate for More Than $600 Million
The NTT Docomo Yoyogi Building, center right, in Tokyo.
Photographer: Ryo Horiuchi/BloombergNTT Docomo Inc. is considering selling the land surrounding four office buildings it owns in the Tokyo metropolitan area as the mobile phone operator looks to shore up its finances, according to people familiar with the matter.
The total sale amount is expected to exceed ¥100 billion ($645 million), the people said, asking not to be identified because the deliberations are private. NTT Docomo has already approached several potential buyers, including major property companies, the people said.