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In what could be the largest tender offer for a Japanese firm in corporate history, telecom giant Nippon Telegraph and Telephone Corp. (NTT) said Tuesday it will buy all shares of its subsidiary and mobile phone unit NTT Docomo Inc. in an eye-popping ¥4.3 trillion takeover bid.

The deal between the two, which would give NTT Docomo solid financial backing to engage in price wars, may trigger even more intense competition among the nation’s major wireless carriers.

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