Nippon Telegraph - Business Operation Plan Part2.

(From AFX CNF)

RNS Number:1061S Nippon Telegraph and Telephone Corp 01 March 2007 This English text is a translation of the Japanese March 1, 2007 original. The Japanese original is authoritative. Submission for Approval of Business Operation Plan for Fiscal Year Ending March 31, 2008 Nippon Telegraph and Telephone East Corporation (NTT East) today submitted its business operation plan for the fiscal year ending March 31, 2008 to the Minister for Internal Affairs and Communications for approval. -------------------------------------------------------------------------------- Information and communications are expected to contribute enormously through ICT utilization to creating a rich communications environment, generating new business opportunities, invigorating and enhancing corporate activities, and strengthening competitiveness and potential for growth toward the achievement of a pioneering ubiquitous network society defined in the u-Japan Policy and the IT New Reform Strategy. Moreover, the information and telecommunications market is undergoing dramatic change as illustrated by the formation of business alliances among telecommunications carriers, cross-industry alliances, and the fixed-mobile convergence (FMC) as well as the convergence of telecommunications and broadcasting backed by the rapid advancement of optical IP services. The regional telecommunications market has also ushered in an era of rapid structural change and full-fledged competition in addition to competition in existing telephone services with the speedy expansion of broadband services, the increasing integration of services as exemplified by "triple-play" services that provide Internet, IP telephony, and video services on a single broadband connection, and other developments. Amidst such a difficult and sharply fluctuating operating environment, while stabilizing and strengthening its management base, NTT East continues to strive to provide high-quality, stable universal services, and as a leading carrier in the IP era, the company will provide attractive products and services that are highly safe, secure, and reliable, thus contributing to the development of society. Through these endeavors, while ensuring fair competitive conditions under the framework of existing laws, NTT East will build a next-generation network for "fast and convenient," "safe and secure" connections "anytime, anywhere and with anyone or anything" to help achieve the NTT Group's Medium-Term Management Strategy, and will seek to make further contributions to the global community by providing diverse and versatile services. With regard to the management of business operations for the fiscal year ending March 31, 2008, based on the concept mentioned above and in the face of today's difficult operating environment, NTT East will endeavor to further raise the efficiency of management, strive as a provider of social infrastructure to rapidly restore and maintain telecommunications services in emergencies such as natural disasters, ensure the stable provision of services including IP telecommunications such as Hikari Denwa, and contribute to the realization of a safe and secure society. At the same time, it will strive to improve customer services by establishing business processes that respond to the era of optical IP networks, such as one-stop and flow-through services. Building on this, NTT East will devote its full energy to the expansion of demand for broadband communications. By further developing broadband network infrastructure, the company will provide high value-added and user-friendly services aimed at the full-scale introduction of next-generation networks, including the further enhancement of optical access and IP telephony services and the provision of FMC and video services. NTT East will strive to return the fruits of these measures to customers, the community, and - through the holding company - to shareholders, and will promote the ongoing development of stable operations in the future. In line with this concept, for the fiscal year ending March 31, 2008, NTT East will conduct its …