TOKYO-Nippon Telegraph and Telephone Corp. should reduce its current 67-percent stake in its mobile phone subsidiary, NTT DoCoMo, according to a report from Japan’s Fair Trade Commission.
Restructuring of NTT last year has not produced the desired effect of spurring more competition, the report said.
Japanese Prime Minister Yoshiro Mori echoed the theme, saying NTT “must be completely privatized.”
The government holds a 53.1-percent majority stake in NTT Corp. The Japanese and U.S. governments currently are in a dispute regarding the interconnection rates NTT charges other operators for access to its domestic network.
NTT reportedly controls more than 90 percent of local lines connecting Japanese homes and businesses. NTT DoCoMo dominates the wireless market in Japan, with more than 30 million subscribers.
