NTT profits up but revenues down

7 Feb 2005

Japanese telco Nippon Telegraph and Telephone Corp (NTT) has posted a JPY698 billion (USD6.69 billion) profit for the nine months to the end of 2004, although revenues dropped 2.6% to JPY7.99 trillion (USD76.4 billion) on the same period of 2003. The company said that its fixed line operations have been suffering due to intense competition from the likes of rivals KDDI and Softbank Corp.