Japan’s incumbent Nippon Telegraph & Telephone Corporation (NTT) is looking to substantially increase its profits from overseas operations, according to its CFO Hiroo Unoura quoted by Bloomberg.
The company is targeting more than US$500m in operating…
Japan’s incumbent Nippon Telegraph & Telephone Corporation (NTT) is looking to substantially increase its profits from overseas operations, according to its CFO Hiroo Unoura quoted by Bloomberg.
The company is targeting more than US$500m in operating profits from foreign businesses by fiscal year-end 31 March 2013.
Unoura reportedly added NTT’s overseas companies will just about break even on an operating basis in the current financial year.
Last summer, NTT launched an offer to buy UK-based IT firm Dimension Data for about £2.1bn, in order to build its business abroad.
Unoura was quoted saying that the company is eyeing other overseas deals but added that NTT is still weak in South America.
