NTT East, NTT West up 2008/09 CAPEX to JPY885bn

3 Mar 2008

Nippon Telegraph and Telephone Corp (NTT’s) regional fixed line units NTT East and NTT West plan to invest a total of JPY885 billion (USD8.45 billion) in capital expenditure projects in the 2008/09 fiscal year, up from the estimated JPY835 billion for the current fiscal year ending 31 March 2008. Reuters writes that the two regional divisions also expect to generate combined recurring profit of JPY70 billion in the coming financial year, unchanged on their current forecast for 2007/08.

Japan, NTT (NTT East & NTT West), NTT East, NTT West