Everything about Nippon Telegraph And Telephone totally explained
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NTT, is a telephone company that dominates the
telecommunication market in
Japan. Once established as a monopoly
government-owned corporation, the company was
privatized in 1985 to encourage competition in the telecom market. The
Japanese government still owns roughly one-third of NTT's shares. The company has been regulated by the NTT Law. Because NTT owns most of
last mile, 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 (East, West, and Communications) in 1998. The NTT Law regulate NTT East and West to serve only short distance communications, and obligate them to maintain telephone service all over the country. NTT Communications isn't regulated by the NTT Law.
As a group corporation, it consists of the following major companies:
NTT East, NTT West, NTT Communications, NTT DoCoMo, and NTT Data are most major subsidiaries. NTT DoCoMo and NTT Data are listed on the stock markets.
Ownership
Japanese Minister of Finance (Japanese government): 33.7%
Moxley & Co. (3.25%)
State Street Bank and Trust (0.93%)Further Information
Get more info on 'Nippon Telegraph And Telephone'.
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