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Nippon Telegraph & Tel 

“Market Cap $60.96 B As of May 2014

At a Glance
  • Industry: Telecommunications services
  • Founded: 1952
  • Country: Japan
  • CEO: Hiroo Unoura
  • Website:www.ntt.co.jp/index_e.html
  • Employees: 227,168
  • Sales: $110.67 B
  • Headquarters: Tokyo
Forbes Lists

#61 Global 2000

  • #45 in Sales
  • #104 in Profit
  • #148 in Assets
  • #148 in Market value
Profile

Nippon Telegraph & Telephone Corp. is a holding company, which is engaged in the provision of telecommunication services. It operates through the following segments: Regional Communications, Long Distance and International Communications, Mobile Communications, Data Communications, and Other. The Regional Communications segment provides domestic intra-prefectural communication services such as fixed voice-related, internet protocol (IP), and packet communications services; and sells telecommunications equipment. The Long Distance and International Communications segment offers domestic intra-prefectural and international communications, and system integration services. The Mobile Communications segment provides mobile voice-related, IP, and packet communications services; and sells telecommunications equipment. The Data Communications segment offers system integration and network system services. The Other segment includes building maintenance, real estate rentals, system development, leasing, and research and development. The company was founded on August 1, 1952 and is headquartered in Tokyo, Japan.

“Nippon Telegraph & Tel History

Established as a monopoly government-owned corporation in 1952, Nippon Telegraph and Telephone Public Corporation (日本電信電話公社 Nippon Denshin Denwa Kōsha?) was privatized in 1985 to encourage competition in the telecom market. In 1987, NTT made the largest stock offering to date, at US$36.8 billion.

Because NTT owns most of the last mile (FTTC or FTTB/FTTH), it enjoys oligopolistic control over land lines in Japan. In order to weaken NTT, the company was divided into a holding company (NTT) and three telecom companies (NTT East, NTT West, and NTT Communications) in 1999. The NTT Law regulating NTT East and West requires them to serve only short distance communications and obligates them to maintain telephone service all over the country. They are also obligated to lease their unused optical fiber (dark fiber) to other carriers at regulated rates. NTT Communications is not regulated by the NTT Law.

In July 2010, NTT and South African IT company Dimension Data Holdings announced an agreement of a cash offer from NTT for Dimension Data’s entire issued share capital, in £2.12bn ($3.24bn) deal.

In late 2010, NTT’s Japan-to-US transpacific network reached 400 Gbit/s. In August 2011, its network capacity was expanded to 500 Gbit/s.

Corporate history timeline

  • 1952 Nippon Telegraph and Telephone Public Corporation established
  • 1979 INS Concept announced
  • 1985 Nippon Telegraph and Telephone Corporation(NTT) incorporated as a private company
  • 1987 NTT listed on the First Section of the Tokyo Stock Exchange
  • 1988 NTT DATA Corporation started operations
  • 1990 VI&P Concept announced
  • 1992 NTT Mobile Communications Network, Inc.(presently NTT DOCOMO) started operations
  • 1994 Basic Concept for the Coming Multimedia Age announced
  • 1995 NTT DATA listed on the Second Section of the Tokyo Stock Exchange
  • 1996 21st Century R&D Vision announced
  • 1996 NTT DATA listed on ther First Section of the Tokyo Stock Exchange
  • 1997 Digitization of communications network in Japan completed
  • 1998 Global Information Sharing Concept announced
  • 1998 NTT DOCOMO listed on the First Section of the Tokyo Stock Exchange
  • 1999 NTT’s operations reorganized into a holding-company structure: businesses transferred to three new wholly-owned subsidiaries (NTT East, NTT West, and NTT Communications)
  • 2002 prefecture-based subsidiaries of NTT East and NTT West started operations
  • 2002 “Vision for a New Optical Generation” announced
  • 2004 NTT URBAN DEVELOPMENT CORPORATION listed on the First Section of the Tokyo Stock Exchange
  • 2004 “NTT Group’s Medium-Term Management Strategy” announced
  • 2008 announcement of a new Medium-Term Management Strategy: “Road to Service Creation Business Group”.”

*Information from Forbes.com and Wikipedia.org

**Video published on YouTube by “NTTi3Channel