Nippon Telegraph and Telephone Corporation
Native name
日本電信電話株式会社
Nippon Denshin Denwa kabushiki gaisha
FormerlyNippon Telegraph and Telephone Public Corporation
日本電信電話公社
Type1985-Present: Public KK
1952-1985: Statutory corporation
IndustryTelecommunications
PredecessorJapanese telecommunications network owned by the Ministry of Communications/Ministry of Telecommunications and administered by AT&T Corporation during the Occupation of Japan
FoundedAugust 1, 1952 (1952-08-01) (as government monopoly)
April 1, 1985 (1985-04-01) (Private Company)
FounderGovernment of Japan
HeadquartersŌtemachi, Chiyoda, Tokyo, Japan
Key people
Jun Sawada
(Chairman)
Akira Shimada
(President and CEO)
Products telegrams
RevenueIncrease ¥11.94 trillion (2021)[1]
Increase ¥1.67 trillion (2021)[1]
Increase ¥1.12 trillion (2021)[1]
Total assetsIncrease ¥22.96 trillion (2021)[1]
Total equityDecrease ¥8.20 trillion (2021)[1]
OwnerGovernment of Japan (32.6% by law)[2]
Number of employees
303,350 (2021)[1]
SubsidiariesNTT East
NTT West
NTT, Inc.
NTT Communications (in Japan)
NTT Ltd.
(NTT Communications, Dimension Data, NTT Security etc)
NTT Data
NTT Docomo
NTT Research
NTT Urban Development
Websitegroup.ntt
global.ntt
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The Nippon Telegraph and Telephone Corporation[a], commonly known as NTT, is a Japanese telecommunications 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]

The company is incorporated pursuant to the NTT Law (Law Concerning Nippon Telegraph and Telephone Corporation, Etc.[b]).[5] The purpose of the company defined by the law is to own all the shares issued by Nippon Telegraph and Telephone East Corporation (NTT East) and Nippon Telegraph and Telephone West Corporation (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.[6]

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

NTT was established as a government-owned corporation in 1952
NTT was established as a government-owned corporation in 1952
NTT logo between 1952 and 1985. A highly modified version of this logo is still used by the Geospatial Information Authority of Japan to mark telecommunications structures on their maps
NTT logo between 1952 and 1985. A highly modified version of this logo is still used by the Geospatial Information Authority of Japan to mark telecommunications structures on their maps

Established as a state monopoly in August 1952 to take over the Japanese telecommunications system operated by AT&T during the Occupation of Japan[citation needed], Nippon Telegraph and Telephone Public Corporation (日本電信電話公社, Nippon Denshin Denwa Kōsha, shortened into Den-Den Kōsha (電電公社)) was privatized in 1985 to encourage competition in the country's telecom market. In 1987, NTT made the largest stock offering to date, at US$36.8 billion.[7][8]

Because NTT owns most of Japan's last mile infrastructure (incl. 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.[9]

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.[10]

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 Docomo and NTT Data are listed on the stock markets. NTT Urban Development is a subsidiary involved in real estate.[11] NTT Communications' business outside of Japan became part of NTT Ltd. on 1 July 2019.[6]

Regional

NTT phonebooth
NTT phonebooth

Long distance and international

Mobile

Data (system integration)

Information security

R&D laboratories

Sponsorship

See also

References

  1. ^ 日本電信電話株式会社, Nippon Denshin Denwa kabushiki gaisha
  2. ^ 日本電信電話株式会社等に関する法律, Nippon Denshin Denwa kabushiki gaisha-tō ni kan-suru hōritsu, Law No. 85 of December 25, 1984
  1. ^ a b c d e f "NTT Group Website". Nippon Telegraph and Telephone Corporation. Retrieved May 6, 2020.
  2. ^ "The Japanese Government Asset System and Current Conditions" (PDF). Ministry of Finance Japan. March 2019. Retrieved May 27, 2019.
  3. ^ "The World's Largest Public Companies". Forbes. Archived from the original on April 23, 2011. Retrieved 2018-09-26.
  4. ^ "Largest Japanese companies by market capitalization". Retrieved 2022-06-03.
  5. ^ "English translation of the "Law Concerning Nippon Telegraph and Telephone Corporation, Etc."" (PDF).
  6. ^ a b Duckett, Chris. "Dimension Data, NTT Communication, and NTT Security bundled into NTT Ltd". ZDNet. Retrieved 2019-07-10.
  7. ^ Vartan, Vartanig G. (November 9, 1987). "Market Place; Big Stock Sale By Japanese". The New York Times.
  8. ^ "U.S. set to make $8 billion from bailing out Citi". 27 March 2010. Archived from the original on 29 March 2010.
  9. ^ "NTT buys South Africa's Dimension Data". BBC News. July 14, 2010. Retrieved July 14, 2010.
  10. ^ Sean Buckley, Fierce Telecom. "NTT's Japan to U.S. network route reaches 500 Gbps mark." Aug 3, 2011. Retrieved Aug 4, 2011.
  11. ^ Melby, Caleb (March 13, 2018). "Kushner Conflict Cloud Hovers Over Brooklyn Sale Linked to Japan". Bloomberg News. 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.
  12. ^ "Dimension Data is now NTT Inc - TechCentral". techcentral.co.za. Retrieved 2019-07-10.
  13. ^ "NTT Communications Acquires 86.7% Stake in e-shelter, Germany's top data-center operator".
  14. ^ "World-Class Research Center Opens in Palo Alto". Bloomberg.com. 2019-07-08. Retrieved 2019-11-20.
  15. ^ "World-Class Research Center Opens in Palo Alto". www.businesswire.com. 2019-07-08. Retrieved 2019-11-20.
  16. ^ "IndyCar Names NTT as IndyCar Series Title Sponsor, Official Technology Partner". Sports Video Group. Retrieved 2019-01-19.