June 24, 2020 / 11:34 PM / 9 days ago

Japan's NEC says board to discuss capital alliance with NTT

TOKYO, June 25 (Reuters) - Japan’s NEC Corp said on Thursday it will discuss a capital alliance with telecommunications conglomerate Nippon Telegraph and Telephone (NTT) at its board meeting later in the day.

The statement follows a Nikkei business daily report that NTT will take a 5% stake in the electronics company for about 60 billion yen ($560 million). ($1 = 107.0400 yen) (Reporting by Makiko Yamazaki Editing by Chang-Ran Kim)

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