Cutting off NTT

摘要

On May 8th, NTT Communications, a subsidiary of NTT, the Japanese telecoms giant, announced it would pay around $5 billion to acquire the remaining 90% of the outstanding shares that it does not already own in an American website manager and high-speed data-communications company called Verio. Then on May 9th, NTT DoCoMo, the carrier's mobile-phone subsidiary, announced it was paying $4.5 billion for a 15% stake in the Dutch cellular company, KPN Mobile. For NTT, one of the most insular of Japan's great companies, these two deals signal a reversal of strategy.