OREANDA-NEWS. Nippon Telegraph and Telephone Corporation (“NTT”) submitted its business operation plan for the fiscal year ending March 31, 2014 to the Minister for Internal Affairs and Communications for approval.

Due to, among other things, the widespread use of the Internet, the information and communications services network and service environment are experiencing a dramatic evolution. Moreover, as the conditions for realizing a ubiquitous network society fall into place, expectations are ever increasing for this technology to contribute to greater efficiencies in socio-economic activities and bring greater convenience to the daily lives of individuals.

With the rapid progress of broadband services, the competitive environment in the information and communications services market has intensified due to numerous factors including service area expansion and price competition, enhancements in fiber-optic access, resulting from increased sophistication of wireless broadband, the diversification and advancement of technologies and services and the deployment of Wi-Fi access points. The market is also undergoing dramatic changes and development due to the demand for a more reliable communications infrastructure following the Great East Japan Earthquake, and the establishment of various new businesses that utilize networks.

To help ensure that universal services are maintained amid this evolving information and communications environment, NTT intends to provide all necessary advice, coordination, and other assistance to Nippon Telegraph and Telephone East Corporation and Nippon Telegraph and Telephone West Corporation (the “regional companies”). It will also endeavor to promote research and development in information communications technology, which serves as a foundation for telecommunications, in order to respond to society’s demands for the development of a ubiquitous Internet society.