Nippon Telegraph and Telephone explained

Nippon Telegraph and Telephone Corporation
Native Name:日本電信電話株式会
Romanized Name:Nippon Denshin Denwa kabushiki gaisha
Type:Public
Founder:Government of Japan
Predecessor:Nippon Telegraph and Telephone Public Corporation
Location:Ōtemachi, Chiyoda, Tokyo, Japan
Industry:Telecommunications
Revenue: (2021)[1]
Operating Income: (2021)
Net Income: (2021)
Assets: (2021)
Equity: (2021)
Num Employees:303,350 (2021)
Subsid:
Homepage:

(NTT) (Corporate Number: 7010001065142)[2] is a Japanese telecommunications holding company headquartered in Tokyo, Japan. Ranked 55th in Fortune Global 500, NTT is the fourth largest telecommunications company in the world in terms of revenue,[3] as well as the third largest publicly traded company in Japan after Toyota and Sony, as of June 2022.[4] In 2023, the company was ranked 56th in the Forbes Global 2000.[5]

The company is incorporated pursuant to the NTT Law .[6] The purpose of the company defined by the law is to own all the shares issued by (NTT East) and (NTT West) and to ensure proper and stable provision of telecommunications services all over Japan including remote rural areas by these companies as well as to conduct research relating to the telecommunications technologies that will form the foundation for telecommunications.

On 1 July 2019, NTT Corporation launched NTT Ltd., an $11 billion de facto holding company business consisting of 28 brands from across NTT Security, NTT Communications and Dimension Data.[7]

While NTT is listed on the Tokyo Stock Exchange and the OTC Markets Group's Pink (and formerly in the New York Stock Exchange under the ticker code "NTT" and in the London Stock Exchange under the ticker code "NPN"), the Japanese government still owns roughly one-third of NTT's shares, regulated by the NTT Law.

History

Established as a state monopoly in August 1952 to take over the Japanese telecommunications system operated by AT&T during the Occupation of Japan, was privatized in 1985 to encourage competition in the country's telecom market, making Japan the first Asian country and only the second in the world (after the United States) to deregulate its telecom market. In 1987, NTT made the largest stock offering to date, at US$36.8 billion.[8] [9]

Because NTT owns most of Japan's last mile infrastructure (incl. broadband fibre connections), it enjoys oligopolistic control over landlines in Japan. In order to weaken NTT, the company was divided into a holding company (NTT) and three telecom companies (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 fixed-line 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.[10]

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.[11]

In 2021, Nippon Telegraph & Tel issued green bonds worth about 300 billion yen ($2.7 billion). The bonds include three tranches with maturities of 3, 5 and 10 years. The proceeds will be used for environmentally friendly projects (renewable energy, energy-efficient broadband infrastructure, etc.).[12]

Corporate history timeline

Subsidiaries

NTT Group consists of the following major companies, divided into five segments. NTT East, NTT West, NTT Communications, NTT Docomo, and NTT Data are most major subsidiaries. NTT Data is listed on the stock markets. NTT Urban Development is a subsidiary involved in real estate.[13] NTT Communications' business outside of Japan became part of NTT Ltd. on 1 July 2019.

Regional

Long distance and international

Mobile

Data (system integration)

Information security

R&D laboratories

Sponsorship

See also

External links

Notes and References

  1. Web site: NTT Group Website. Nippon Telegraph and Telephone Corporation. May 6, 2020.
  2. Web site: 日本電信電話株式会社の情報 . 2023-12-09 . National Tax Agency Corporate Number Publication Site.
  3. News: The World's Largest Public Companies . en . Forbes . dead . 2018-09-26 . https://web.archive.org/web/20110423003358/http://www.forbes.com/global2000/list#country:Japan . April 23, 2011.
  4. Web site: Largest Japanese companies by market capitalization . 2022-06-03.
  5. Web site: en. The Global 2000 2023. Forbes. 2024-02-07. 2024-01-29. https://web.archive.org/web/20240129031905/https://www.forbes.com/lists/global2000/?sh=4f5ab07e5ac0.
  6. Web site: English translation of the "Law Concerning Nippon Telegraph and Telephone Corporation, Etc.".
  7. Web site: Dimension Data, NTT Communication, and NTT Security bundled into NTT Ltd. Duckett. Chris. ZDNet. en. 2019-07-10.
  8. News: Market Place; Big Stock Sale By Japanese . The New York Times . Vartanig G. . Vartan . November 9, 1987.
  9. Web site: U.S. set to make $8 billion from bailing out Citi. https://web.archive.org/web/20100329030546/http://www.msnbc.msn.com/id/36062775/ns/business-washington_post/. dead. 29 March 2010. 27 March 2010.
  10. News: NTT buys South Africa's Dimension Data. BBC News. July 14, 2010. July 14, 2010.
  11. Sean Buckley, Fierce Telecom. "NTT's Japan to U.S. network route reaches 500 Gbps mark." Aug 3, 2011. Retrieved Aug 4, 2011.
  12. Web site: en. Japan's NTT to issue green bonds worth about $2.7 billion. ETTelecom. 2024-02-26. 2023-03-22. https://web.archive.org/web/20230322115315/https://telecom.economictimes.indiatimes.com/news/japans-ntt-to-issue-green-bonds-worth-about-2-7-bln/86775006.
  13. News: Kushner Conflict Cloud Hovers Over Brooklyn Sale Linked to Japan . A spokesman for the subsidiary, NTT Urban Development, said the company knew the deal involved Kushner Cos. The subsidiary describes itself as the real estate arm of NTT. . . Caleb . Melby . March 13, 2018.
  14. Web site: Dimension Data is now NTT Inc - TechCentral. techcentral.co.za. July 2019 . 2019-07-10.
  15. Web site: Press Releases June 23, 2015: NTT Communications Acquires 86.7% Stake in e-shelter, Germany’s top data-center operator | docomo business | NTT Communications About Us. www.ntt.com. June 23, 2015.
  16. Web site: 2019-07-08. World-Class Research Center Opens in Palo Alto. 2019-11-20. Bloomberg.com.
  17. Web site: World-Class Research Center Opens in Palo Alto. 2019-07-08. www.businesswire.com. en. 2019-11-20.
  18. Web site: IndyCar Names NTT as IndyCar Series Title Sponsor, Official Technology Partner. Sports Video Group. 18 January 2019 . en. 2019-01-19.

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