British mobile phone giant Vodafone Group PLC has begun final preparations to conduct a takeover bid of Japan Telecom Co. so it can establish management control over the Japanese telecommunications firm, industry officials said Sunday.

Vodafone intends to increase its stake in Japan Telecom to 66.7 percent from its current 45 percent, a move that would render other shareholders unable to use their veto power and effectively give the British firm management control, the officials said.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.