NTT Submits Business Operation Plan for Fiscal Year Ending March 31, 2000, to Minister of Posts and Telecommunications for Approval

Under this plan and amid the ongoing severe economic climate, NTT will upgrade services by surveying customer needs and continue enhancing its operational management by making efforts to reduce costs, increase sales and establish smooth interconnection and open access networks. NTT will strengthen its R&D and disaster-prevention measures. It will also promote staff member training, new business development and smooth corporate reorganization scheduled for fiscal 1999 and contribute to its customers and shareholders as well as to society.

The telecommunications industry is expected to actively contribute to the development and efficiency of social and economic activities in this information society. Its market is developing further to meet more sophisticated, diverse, and global customer needs and taking major steps in the world trend toward the multimedia era through outstanding technological developments. Due to increasing trend toward globalization and multimedia, competition, which has been mainly focused in the long-distance market, is now expanding into full-scale service competition including mobile and international markets. Competition is also developing in local communications markets.

Under such circumstances, NTT is continuing to provide both stable and high-quality universal services. It is also developing the field of information sharing by providing innovative new services for a wide range of corporate and individual activities using digital infrastructure. NTT is also working to promote the deployment of optical access networks that meet customer needs, actively promote its global business, contribute to the advancement of telecommunications markets through fair competition, strengthen and enhance R&D and ensure that the telecommunications industry is open to the public.

Furthermore, NTT remains dedicated to contributing meaningfully to society and meeting customer expectations. NTT will continue to fulfill these important missions by further stabilizing and maintaining its business base.

Note: All financial information stated in this release was prepared on the basis of generally accepted accounting principles in Japan. Also, this plan will be altered when the time and content of the reorganization is confirmed.

Attachment 1
NTT's Business Operation Plan for Fiscal Year Ending March 31, 2000
1.	VOICE TRANSMISSION SERVICES
2.	DATA TRANSMISSION SERVICES
3.	LEASED CIRCUIT SERVICES
4.	TELEGRAPH SERVICES
5.	IMPROVEMENTS AND ADVANCES IN TELECOMMUNICATIONS EQUIPMENT
6.	PROMOTION OF RESEARCH AND DEVELOPMENT ACTIVITIES
Attachment 2
-Construction Plan for Fiscal Year Ending March 31, 2000
Attachment 3
-Revenues and Expenses Plan for Fiscal Year Ending March 31, 2000
Attachment 4
-Plan of Sources and Applications of Funds for Fiscal Year Ending March 31, 2000

For further information, please contact:

Norihiko Ohkubo or Megumi Inaji
Public Relations Office
NTT Long Distance and Global Provisional Headquarters
Telephone: (03) 3500-8020