Press Release
 

July 7, 1999

 

FOR IMMEDIATE RELEASE
 

NTT Communications Planning to Merge with
NTT Worldwide Network


 

NTT Communications Corporation (NTT Communications) today signed a merger agreement and applied to the Minister of Posts and Telecommunications for permission to merge with NTT Worldwide Network Corporation (NTTWN).

1. Background
NTT Communications aims to strengthen competitiveness and enhance customerconvenience by consolidating domestic and international telecommunicationsservices.

2.Method of merger
NTT Communications will absorb NTTWN. After the merger, NTTWN will bedissolved.

3.Effective Date
October 1, 1999

4.Services after the merger
NTT Communications will take over all services currently provided by NTTWN.
A new international direct dialing telephone service, which NTTWN has been planning to begin operating via the 0033 prefix, will commence by NTT Communications from October 1999.




(Reference)
NTT Communications
NTTWN
Title
NTT Communications Corporation
NTT Worldwide Network Corporation
Address
1-6, Uchisaiwai-cho 1-chome,
Chiyoda-ku Tokyo
14-1,Nishi-shinbashi
2-chome,Minato-ku Tokyo
105-0003
Capital
72 billion yen
20 billion yen
Outline
Accompanied by the reorganization of NTT, NTT Communications started
telecommunications businesses since July 1, 1999.
Service
International ATM Service
(October,1998)
International Leased Circuit Service
(December,1998)
Internet Gateway Service
(June,1999)

Cable Network
China-US Cable Network
(December,1997 Sign C&MA*)
Japan-US Cable Network
(August,1998 Sign C&MA)
TAT-14 Cable Network
(September,1998 Sign C&MA)
APCN2 Cable Network
(June,1999 Sign MOU**)
*C&MA: Construction and Maintenance Agreement
**MOU: Memorandum of Understanding

 



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