TOKYO, JAPAN-NTT Communications Corporation (NTT Com), NTT Data Corporation and NTT DoCoMo, Inc. today announced that NTT Com will acquire all shares in the Internet service provider (ISP) DreamNet Corporation, currently owned by NTT Data and NTT DoCoMo, on January 23, 2003.
Established in April 1994 with a capital of 550 million yen, DreamNet offers a variety of Internet services, including access, server rental, information and related support. The company posted sales of 6.2 billion yen in fiscal 2001. Currently, NTT Data holds a 60% stake in DreamNet, with NTT DoCoMo owning 40%.
The buyout is part of the NTT Group's 3-year business plan to gradually integrate ISP operations in order to meet market needs for broadband Internet services that offer wide-ranging applications and content at reasonable rates.
Following the acquisition, NTT Com will integrate DreamNet with its OCN ISP business, uniting facilities and backyard operations. The combined synergy of the two operations will enable NTT Com to strengthen its position as an ISP, as well as offer value-added content applications under the service concepts of "secure," "simple" and "enjoyable."
Users of DreamNet and OCN should not be affected by today's announcement. NTT Com plans to continue making the "dream.com" address available as well as maintaining current charges and service content. As of November 2002, DreamNet has 300 thousand subscribers and OCN has 3.42 million.
About NTT Communications Corporation (NTT Com)
NTT Com, a Tokyo-based subsidiary of Nippon Telegraph and Telephone Corporation, provides
long-distance and international services for voice, video and data communication reaching more than 200 countries. NTT Com also provides world-class IP services under the NTT/VERIO brand, as well as managed data, multimedia and additional services under the Arcstar brand. For more information, please visit www.ntt.com
About NTT Data Corporation (NTT Data)
NTT DATA was established in May 1988 upon becoming independent from Nippon Telegraph and Telephone Public Corporation (the present NTT). NTT DATA is Japan's top systems integrator. It has a strong track record in large-scale system integration and network services, especially in the public sector and the financial industry. NTT DATA is not only active in the field of systems integration, but it also acts as an IT partner that assists corporations in developing new business models utilizing IT and a service provider that designs new services.
About NTT DoCoMo, Inc. (NTT DoCoMo)
NTT DoCoMo is the world's leading mobile communications company with more than 44 million customers. The company provides a wide variety of leading-edge mobile multimedia services. These include
, the world's most popular mobile internet service, which provides e-mail and internet access to over 35 million subscribers, and 
, launched in 2001 as the world's first 3G mobile service based on W-CDMA. In addition to wholly owned subsidiaries in Europe and North and South America, the company is expanding its global reach through strategic alliances with mobile and multimedia service providers in the Asia-Pacific, Europe and North and South America. NTT DoCoMo is listed on the Tokyo (9437), London (NDCM), and New York (DCM) stock exchanges. For more information, visit www.nttdocomo.com
i-mode and FOMA are trademarks or registered trademarks of NTT DoCoMo, Inc. in Japan and other countries.
Established in April 1994 with a capital of 550 million yen, DreamNet offers a variety of Internet services, including access, server rental, information and related support. The company posted sales of 6.2 billion yen in fiscal 2001. Currently, NTT Data holds a 60% stake in DreamNet, with NTT DoCoMo owning 40%.
The buyout is part of the NTT Group's 3-year business plan to gradually integrate ISP operations in order to meet market needs for broadband Internet services that offer wide-ranging applications and content at reasonable rates.
Following the acquisition, NTT Com will integrate DreamNet with its OCN ISP business, uniting facilities and backyard operations. The combined synergy of the two operations will enable NTT Com to strengthen its position as an ISP, as well as offer value-added content applications under the service concepts of "secure," "simple" and "enjoyable."
Users of DreamNet and OCN should not be affected by today's announcement. NTT Com plans to continue making the "dream.com" address available as well as maintaining current charges and service content. As of November 2002, DreamNet has 300 thousand subscribers and OCN has 3.42 million.
About NTT Communications Corporation (NTT Com)
NTT Com, a Tokyo-based subsidiary of Nippon Telegraph and Telephone Corporation, provides
long-distance and international services for voice, video and data communication reaching more than 200 countries. NTT Com also provides world-class IP services under the NTT/VERIO brand, as well as managed data, multimedia and additional services under the Arcstar brand. For more information, please visit www.ntt.com
About NTT Data Corporation (NTT Data)
NTT DATA was established in May 1988 upon becoming independent from Nippon Telegraph and Telephone Public Corporation (the present NTT). NTT DATA is Japan's top systems integrator. It has a strong track record in large-scale system integration and network services, especially in the public sector and the financial industry. NTT DATA is not only active in the field of systems integration, but it also acts as an IT partner that assists corporations in developing new business models utilizing IT and a service provider that designs new services.
About NTT DoCoMo, Inc. (NTT DoCoMo)
NTT DoCoMo is the world's leading mobile communications company with more than 44 million customers. The company provides a wide variety of leading-edge mobile multimedia services. These include
, the world's most popular mobile internet service, which provides e-mail and internet access to over 35 million subscribers, and , launched in 2001 as the world's first 3G mobile service based on W-CDMA. In addition to wholly owned subsidiaries in Europe and North and South America, the company is expanding its global reach through strategic alliances with mobile and multimedia service providers in the Asia-Pacific, Europe and North and South America. NTT DoCoMo is listed on the Tokyo (9437), London (NDCM), and New York (DCM) stock exchanges. For more information, visit www.nttdocomo.comi-mode and FOMA are trademarks or registered trademarks of NTT DoCoMo, Inc. in Japan and other countries.
