NTT Posts Solid 9 Month Results
Reuters is reporting that Nippon Telegraph and Telephone Corp. (NTT), the world’s biggest telecoms group by revenue, posted a solid operating profit for the first nine months of its business year, despite intense competition. While the group’s fixed-line business may be struggling, the mobile arm is doing rather well, thank you very much.
NTT, which has majority stakes in Japan’s top mobile operator NTT DoCoMo Inc. and in systems integrator NTT Data Corp., said April-December operating profit was 1.13 trillion yen ($10.82 billion). Full story Here.