NTT Expected to Create New Multimedia Company

Nippon Telegraph & Telephone Corp. in Tokyo, the world's largest phonecompany, reportedly will form a new company next month to provide multimediaservices to expand usage on the Internet.

Nippon Telegraph & Telephone Corp. in Tokyo, the world’s largest phone company, reportedly will form a new company next month to provide multimedia services to expand usage on the Internet.

The new company, temporarily called NTT ME Joho Ryutsu, will provide marketing and advertising services through the Internet as well as improved search directory services, according to Bloomberg News.

“NTT needs a company that will play a key role in the multimedia businesses within the group,” Yasutaka Akabane, general manager of NTT’s multimedia business department, was quoted as saying. “We will closely work with NTT’s other group companies to develop NTT’s overall multimedia business.”

NTT ME Joho Ryutsu will be capitalized at about $99 million with 200 employees.

Subscribe to get your daily business insights

Engagement To Empowerment - Winning in Today's Experience Economy
Report | Digital Transformation

Engagement To Empowerment - Winning in Today's Experience Economy

2y

Engagement To Empowerment - Winning in Today's Exp...

Customers decide fast, influenced by only 2.5 touchpoints – globally! Make sure your brand shines in those critical moments. Read More...

View resource
Announcement Alert from Lee Arthur
Weekly briefing | Digital Transformation

Announcement Alert from Lee Arthur

2y

Announcement Alert from Lee Arthur

Announcement Alert!! Read More

View resource
The 2023 B2B Superpowers Index
Whitepaper | Digital Transformation

The 2023 B2B Superpowers Index

3y

The 2023 B2B Superpowers Index

The Merkle B2B 2023 Superpowers Index outlines what drives competitive advantage within the business culture and subcultures that are critical to succ...

View resource
Impact of SEO and Content Marketing
Whitepaper | Digital Transformation

Impact of SEO and Content Marketing

3y

Impact of SEO and Content Marketing

Making forecasts and predictions in such a rapidly changing marketing ecosystem is a challenge. Yet, as concerns grow around a looming recession and b...

View resource