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Nippon T&T Coming to Russia
Nippon Telephone & Telegraph, one of the world's largest operators of fixed communications lines, is opening an office in Moscow in March. Company spokesman Yasuko Oko told Kommersant that “We hope that at least half the Japanese companies operating in Russia will become our clients.” She added that there were about 200 such companies and declined to discussion licensing, investments and other details of the companies business plan for Russia. Oko said that NTT plans to reach an agreement with Russia's largest network operator, Transtelekom, which is owned by Russian Railways, on the use of its infrastructure.
NTT and Transtelekom already have a joint venture that laid and will operating a 500-km. cable between Sakhalin and Hokkaido Islands. The line is expecting to become operational this year. It is expected that NTT will be able to use Transtelekom channels in Russia after the cable starts working. That would give its customers a discount of 30-40 percent on calls between the two countries. The joint venture is expected to generate proceeds of $200 million annually by 2010.
NTT was founded in 1952. The Japanese government owns 33.7 percent of it. It has 52 million cellular subscribers and 50.5 million land-based subscribers. It also offers Internet access. Its receipts in 2007 were $100.43 billion and its capitalization on the NYSE on February 22 was $60.12 billion.
NTT will be able to operate on the Russian market as a representative of another company (Transtelekom, for example) until it receives its own license. British Telecom, France Telecom, TeliaSonera and Kazakhtelekom are already operating in Russia. NTT operates in over 100 countries.
www.kommersant.com
All the Article in Russian as of Feb. 26, 2008
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