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Japan's NTT Eyes Asset Sales After $40 Billion Docomo Buyout
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Nippon Telegraph & Telephone Corp.'s 4.25 trillion yen ($40 billion) buyout of wireless unit NTT Docomo Inc. will make it easier for the recombined company to sell assets, generate enough cash to deliver dividends and repay debt incurred from financing the deal, Chief Executive Officer Jun Sawada said.
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