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Nippon Telegraph and Telephone
Japanese telecommunication company From Wikipedia, the free encyclopedia
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The Nippon Telegraph and Telephone Corporation[a] (NTT) 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] NTT was the world's largest company by market capitalization in the late 1980s, and remained among the world's top 10 largest companies by market capitalization until the burst of the Dot-com bubble in the early 2000s.[6]
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The company traces its origin to the national telegraph service established in 1868, which came under the purview of the Ministry of Communications in the 1880s. In 1952, the telegraph and telephone services were spun off as the government-owned Nippon Telegraph and Telephone Public Corporation (日本電信電話公社, Nippon Denshin Denwa Kōsha, shortened to Den-Den Kōsha (電電公社)). Under Prime Minister Yasuhiro Nakasone, the company was privatised in 1985 along with the Japanese National Railways and the Japan Tobacco and Salt Public Corporation, adopting the current name.[7] While NTT has been listed on the Tokyo Stock Exchange since 1985, the Japanese government still owns roughly one-third of NTT's shares, regulated by the NTT Law.
The company is incorporated pursuant to the NTT Law (Law Concerning Nippon Telegraph and Telephone Corporation, Etc.[b]).[8] 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.[9]
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History
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Established as a state monopoly in August 1952 to take over the Japanese telecommunications system, 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, making Japan the second country 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.[10][11]
Because NTT owns most of Japan's last mile infrastructure (including broadband fibre connections), it has oligopolistic control over most landlines in Japan. In order to stimulate local competition, 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 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.[12]
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.[13]
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.).[14]
Corporate history timeline
- 1952 Nippon Telegraph and Telephone Public Corporation established
- 1979 INS Concept announced
- 1985 Nippon Telegraph and Telephone Corporation (NTT) incorporated as a private company
- 1987 NTT listed on the First Section of the Tokyo Stock Exchange
- 1988 NTT DATA Corporation started operations
- 1990 VI&P Concept announced
- 1992 NTT Mobile Communications Network, Inc. (presently NTT DOCOMO) started operations
- 1994 Basic Concept for the Coming Multimedia Age announced
- 1995 NTT DATA listed on the Second Section of the Tokyo Stock Exchange
- 1996 21st Century R&D Vision announced
- 1996 NTT DATA listed on the First Section of the Tokyo Stock Exchange
- 1997 Digitization of communications network in Japan completed
- 1998 Global Information Sharing Concept announced
- 1998 NTT DOCOMO listed on the First Section of the Tokyo Stock Exchange
- 1999 NTT's operations reorganized into a holding-company structure: businesses transferred to three new wholly owned subsidiaries (NTT East, NTT West, and NTT Communications)
- 2002 prefecture-based subsidiaries of NTT East and NTT West started operations
- 2002 "Vision for a New Optical Generation" announced
- 2004 NTT Urban Development Corporation listed on the First Section of the Tokyo Stock Exchange
- 2004 "NTT Group's Medium-Term Management Strategy" announced
- 2008 announcement of a new Medium-Term Management Strategy: "Road to Service Creation Business Group"
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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.[15] NTT Communications' business outside of Japan became part of NTT Ltd. on 1 July 2019.[9]
Regional
- Nippon Telegraph and Telephone East Corporation (NTT East)
- Nippon Telegraph and Telephone West Corporation (NTT West)
Long distance and international
- NTT Communications
- NTT MSC
- Verio Inc
- NTT America
- NTT Europe
- HKNet
- Plala Networks
Mobile
Data (system integration)
- Dimension Data (now part of NTT Ltd. except in the Middle East and Africa Region)[16]
- e-shelter[17]
- Gyron Internet Ltd
- NTT Data
- NTT Comware
- NTT Software
- NTT AT
- NTT IT
Information security
- NTT Security (now part of NTT Ltd. as of the 1st July 2019)
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R&D laboratories
- Service Innovation Laboratory Group
- Information Network Laboratory Group
- Science and Core Technology Laboratory Group
- Network Innovation Laboratories (Yokoska)
- Microsystem Integration Laboratories (Atsugi)
- Photonics Laboratories (Atsugi)
- Communication Science Laboratories (Keihanna and Atsugi)
- Basic Research Laboratories (Atsugi)
- NTT Research, Inc. (East Palo Alto, California)[18][19]
- Physics & Informatics (PHI) Laboratory
- Cryptography and Information Security (CIS) Laboratory
- Medical and Health Informatics (MEI) Laboratory
In 2023, the World Intellectual Property Organization (WIPO)’s Annual PCT Review ranked Nippon Telegraph and Telephone's number of patent applications published under the PCT System as 10th in the world, with 1,760 patent applications being published during 2023.[20]
Sponsorship
- Omiya Ardija and Roasso Kumamoto (Japanese football clubs formerly affiliated with NTT)
- Dandelion Racing, Super Formula team affiliated with NTT Docomo.
- Chip Ganassi Racing in the IndyCar Series (affiliated with NTT Data, drivers include Ryan Briscoe, Tony Kanaan, Scott Dixon, Ed Jones, and Felix Rosenqvist). In 2019, NTT also became title sponsor of the series.[21]
- NTT Pro Cycling, UCI WorldTeam cycling team based in South Africa.
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See also
References
External links
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