| September 14, 1999 | FOR IMMEDIATE RELEASE |
Application for Approval of the Business Operation Plan for Fiscal Year Ending March 31, 2000 |
| Nippon Telegraph and Telephone West Corporation (NTT West) today submitted its business operation plan for the fiscal year ending March 31, 2000 to Minister of Posts and Telecommunications for approval. |
The telecommunications industry is expected to actively contribute to the development and efficiency of social and economic activities in today's information society. In response to the increasing sophistication of consumer needs and the processes of diversification and globalization, this market continues to enjoy accelerated growth, while the introduction of outstanding technological innovations and the dawning of a global multimedia era is lending further momentum to its expansion. Due to increasing trend towards globalization and multimedia, competition, which has been mainly focused on the long-distance market, is now expanding into full scale service competition including the international and mobile communication markets. Competition is also developing in local communications markets. Under such circumstances, Nippon Telegraph and Telephone West Corporation (NTT West), which was established on July 1, 1999 as a regional company operating telecommunication services in western Japan and other services, is continuing to provide both stable and high-quality universal services. NTT West shall also pursue the following objectives: it shall promote the deployment of Optical Access Networks enabling it to respond promptly to customer's demand; it shall contribute to the advancement of telecommunications markets through fair competition; it shall strengthen and enhance its research and development capabilities in applied fields; and it shall ensure that the telecommunications industry is open to the public. Moreover, NTT West is developing the field of information sharing by providing innovative new services for a wide range of corporate and individual activities using digital infrastructure, including experimental services corresponding to the widespread use of the Internet. Throughout all these efforts, NTT West shall do its best to strengthen and to stabilize its business foundations. Reflecting these fundamental principles, one of the primary objectives of NTT West during the fiscal year ending March 31, 2000, the first year of its operation, is to accurately and speedily grasp the views and needs of customers in order to make the necessary improvements in services. At the same time, given the severe business conditions which prevail today, NTT West shall make its best effort to cut costs and to maintain profits. NTT West shall also implement measures for maintaining smooth interconnection and open networks. In other areas, it shall seek to strengthen its research and development position in applied fields, improve disaster prevention measures, promote human resources development, and actively pursue new business opportunities. Through this line of action, NTT West shall endeavor to achieve a stable course of future development. NTT West stands ready to share the benefits of these programs with its customers, local communities and the shareholders in the holding company. The above outlines the basic strategies of NTT West for the fiscal year ending March 31, 2000. While special emphasis shall be assigned to the matters summarized below, NTT West shall respond with due flexibility to any changes in the business environment. Note: All financial information stated in this release was prepared on the basis of generally accepted accounting principles in Japan. |
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