Japan telco shares jump after Docomo announces smaller-than-feared price cuts

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Shares in Japan's big telcos jumped on Tuesday after market leader NTT Doco...

FILE PHOTO: The logo of NTT Docomo is seen at its flagship shop in Tokyo, Japan June 30, 2017. REUTERS/Toru Hanai

NTT Docomo shares were up 3.5 percent in early Tokyo trading, with KDDI Corp up 5.6 percent and SoftBank Corp up 2.7 percent. After market close on Monday, NTT Docomo said it would cut carrier fees by as much as 40 percent. Many of its users will not see reductions of that scale and the new price plans, widely seen as complex, do not include handset fees.

 

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