Nippon Telegraph and Telephone registers decline in its quarterly earnings

Nippon Telegraph and Telephone (NTT) has registered a decline in its quarterly earnings, mainly on account of fixed line cancellations and high investment costs. In the April-June 2006 quarter, its operating profits decreased 10 per cent. Meanwhile, its biggest domestic rival, KDDI, showed a 39 per cent increase in its operating profits despite weak fixed line revenue. KDDI is, however, gaining share in the mobile market by offering popular music and internet services.