Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

NTT May Beat Overseas Sales Target of $13 Billion, Unoura Says

Don't Miss Out —
Follow us on:
NTT President Hiroo Unoura
Hiroo Unoura, president of Nippon Telegraph and Telephone Corp. Photographer: Junko Kimura/Bloomberg

June 28 (Bloomberg) -- Nippon Telegraph & Telephone Corp., Japan’s largest fixed-line phone company, will probably earn more in overseas markets than it forecast at the beginning of the fiscal year, President Hiroo Unoura said.

NTT may beat its estimate of generating $13 billion in revenue outside Japan in the year started April 1, Unoura, who took over as president this month, said in an interview today in Tokyo where the company is based. “Our overseas affiliates have started to make more cross-selling synergies.”

The telecom operator spent 1.7 billion pounds ($2.65 billion) to buy Dimension Data Holdings Plc, an U.K. computer services company, in 2010 as it expanded overseas after the Japanese market slowed. The company has announced 10 overseas acquisitions totaling $3.02 billion in the past three years, data compiled by Bloomberg show.

NTT shares rose 1.5 percent to 3,700 yen at 2:18 p.m. in Tokyo trading, paring their decline this year to 6 percent.

NTT’s businesses outside Japan “are making an operating margin of 5 percent or more,” Unoura said. In November 2010, he said their operating margin was “just about break-even.”

The company will consider more acquisitions outside Japan to help it expand, the executive said today.

To contact the reporter on this story: Shunichi Ozasa in Tokyo at sozasa@bloomberg.net Yoshinori Eki in Tokyo at yeki@bloomberg.net

To contact the editor responsible for this story: Anand Krishnamoorthy at anandk@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.