Vietnam Posts and Telecommunications Group NTT Communications Corporation

JOINT ANNOUNCEMENT

NTT Communications Corporation
Vietnam Posts and Telecommunications Group

November 27, 2007


NTT Communications and VNPT to Set Up Joint Venture in Vietnam

TOKYO, JAPAN / HANOI, VIETNAM- NTT Communications Corporation (NTT Com), a global ICT solution provider, and Vietnam Posts and Telecommunications Group (VNPT), the largest Vietnamese telecom operator, announced today an agreement to form a joint-venture company, Global Data Service Joint Stock Company, in Hanoi in early January 2008 to provide world-class data-center services. NTT Com and VNPT will be among the first telecom operators to provide such services in Vietnam.

Expansion of the Internet in Vietnam is driving the need for data centers as network infrastructure from the companies who wish to run stable Internet related businesses increases demand for redundant IT facilities and data centers to ensure business continuity from Vietnamese, Japanese and other multinational companies operating in Vietnam.

The joint venture will establish data centers in Hanoi in mid-2008 and Ho Chi Minh City in early-2009 to provide services with support from NTT Com and VNPT. Its world-class data centers will offer collocation and hosting services that ensure complete redundancy for uninterrupted power supply, air conditioning and power generation / distribution. High-security measures will include facility-access control and camera surveillance. In addition, customers will benefit from having direct access to high quality global networks within data centers as this joint-venture company is uniquely formed by telecom operators.

NTT Com, its wholly owned subsidiary NTT Communications (Vietnam) Limited and VNPT will also collaborate in the provision of tailored, one-stop services covering networks, system integration and information security.

NTT Com will take a 40% stake in the new JV and VNPT will own a 60% share. Capitalization will be about 900 million yen. NTT Com will appoint the CEO and the company will start with about 60 employees.

About NTT Communications
NTT Communications Corporation (NTT Com) provides information and communications technology (ICT) solutions worldwide with dedicated professionals stationed in 21 countries. Renowned as an IPv6 technology pioneer and managed service expert, NTT Com offers diverse high-quality IP, Web-based, and managed network solutions combining network management, security, ubiquitous, Web portals/engines, and global services. Its world-class Tier 1 Internet backbone and secure closed networks with over 98,000 MPLS ports, combined with the networks of partner companies around the world, connect more than 200 countries. The company earned non-consolidated revenues exceeding one trillion yen (about US$10 billion) in fiscal 2006 ended March 31, 2007. NTT Com started as a long-distance phone company in 1999 after the reorganization of the NTT Group, and is the wholly-owned subsidiary of NTT, one of the world's largest telecommunications companies. NTT is listed in Japan, London and New York stock exchanges. Please visit www.ntt.com

About VNPT
Vietnam Posts and Telecommunications Group (VNPT) is the largest post and telecommunications provider in Vietnam. It focuses on providing infrastructure and services to the nation's residents, managing logistics and sourcing, and promoting postal telecom and IT industry development.
Being an incumbent telecom and IT operator in Vietnam, VNPT has joined the biggest regional and international optical fiber cable links, connecting Vietnam to 240 countries worldwide and offering more than 6.8 Gbps of international internet throughput. The national backbone transmission network includes the North-South optical fiber link with a capacity of 20 Gbps (DWDM technology), the optical fiber link along the 500KV power line, coastal optical fiber links, digital microwave links from 144 Mbps to 622 Mbps, inter-provincial and inner provincial communications links (34 Mbps digital microwave and optical fiber). All these communications links are interconnected to create uninterrupted transmission rings, which help ensure smooth communications under any condition across Vietnam. Its large customer base enjoys diversified services covering from traditional PSTN to VoIP, NGN, Internet, FR, VPN, broadband, wireline and wireless. 18 million telephone and Internet subscribers in 2006 had brought VNPT more than 2.4 billions USD in revenue. With powerful competence, VNPT has been always pioneer in offering new and advanced services to its clients and proving itself in the new age.
Please visit www.vnpt.com.vn


For More Information About NTT Communications
For more information, please contact.

For More Information About VNPT
Mr. Bui Thien Ha - Manager, PR department, PR& Information Center of VNPT
Mobile. +84 913533688
Email. btha@vnpt.com.vn