Japan Telecom Profits Fall on 3G Costs
Japan Telecom Holdings owned two-thirds by Britain’s Vodafone Group said on Tuesday that half-year operating profit fell 12 percent due to the hefty cost of building up its 3G network. Its wireless unit, Vodafone KK, known as J-Phone until September, scrambled to expand the area coverage of its high-speed 3G network this year in a bid to catch up with NTT DoCoMo Inc. and KDDI Corp.