JAPAN TELECOM REVISES UPWARD ITS FISCAL 2002 NON-CONSOLIDATED FORECASTS-2
Notes to Editors
JAPAN TELECOM HOLDINGS CO., LTD.
With effect from 1 August 2002, JAPAN TELECOM CO., LTD., ("JAPAN TELECOM") implemented a new holding company structure under which JAPAN TELECOM was renamed JAPAN TELECOM HOLDINGS CO., LTD., ("JAPAN TELECOM Holdings") and operates its fixed-line, mobile and other businesses as separate, peer subsidiaries. JAPAN TELECOM created the holding company structure through the kaisha bunkatsu or corporate split procedure provided for under the Japanese Commercial Code.
The business lines operated by JAPAN TELECOM prior to 1 August 2002 have been transferred to three new wholly owned subsidiaries. JAPAN TELECOM CO., LTD. contains the core fixed-line business, Telecom Express Co., Ltd. contains the mobile sales agency business previously operated by JAPAN TELECOM and Japan System Solution Co., Ltd. contains the mobile billing system and other IT related functions which were previously operated by JAPAN TELECOM
J-PHONE CO., LTD., ("J-PHONE") JAPAN TELECOM's 45.08% owned wireless subsidiary, remains as a 45.08% held subsidiary of JAPAN TELECOM Holdings.
Haruo Murakami and William (Bill) Morrow serve as chairman and president, respectively, of both JAPAN TELECOM Holdings and JAPAN TELECOM. John Durkin, in addition to his role as chief financial officer of J-PHONE also serves as chief financial officer of JAPAN TELECOM Holdings.
For more information, please visit the JAPAN TELECOM Holdings site at www.vodafone-holdings.co.jp.
JAPAN TELECOM Group Structure:
JAPAN TELECOM started operations in 1986 as a carrier providing long-distance services throughout Japan. It provides voice and data transmission services to customers through approximately 10,000 km of fibre-optic networks throughout the country. In 1997, it merged with International Telecom Japan and began providing global network services as Japan's first carrier operating both domestically and internationally.
In 1998, JAPAN TELECOM announced the concept of Japan's first domestic nationwide IP backbone network. In addition to its leading role in the provision of IP services, the company is active in a wide range of operations in the telecommunications sector, from data centre operations to network solutions.
For more information, please visit the JAPAN TELECOM site at www.japan-telecom.co.jp