Too successful for its own good? (Nippon Telegraph and Telephone)
Economist (US), The, June, 1988
THE main task for Mr Haruo Yamaguchi, who has just been named as the next president of Nippon Telegraph and Telephone is to pass it on intact to his own successor. It will not be easy. When American Telephone and Telegraph was broken up at the beginning of 1984, many people in Japan thought that NTT should be as well. The company sighed with relief when it wasn't. True, its monopoly on the domestic telecoms business, the world's second largest, was opened up for competition. But the newcomers tempted by this market have made only slow progress against NTT's entrenched position. So enforced divestiture is again a lively possibility.
In March the Japanese parliament decided to postpone until 1990 revision of the 1985 Telecommunications Business Law (which ought...
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