You know, China Mobile, the most profitable of the three major telecom operators in China, has an annual revenue of 745.9 billion yuan. In terms of revenue, NTT Group's annual revenue is even better than that of China Mobile, and its annual profit even exceeds that of Tencent and some banks. NTT has also been dubbed by the media as Japan's "printing machine".
Previously, the World Communication Awards announced the "Best Operator of the Year", and NTT Com from Japan won the title for the sixth time. NTT Group achieved revenue of 1 1.9 trillion yen (equivalent to RMB 790 billion) in the latest year, and its annual profit was about 1034 million yuan, equivalent to a daily net profit of 280 million yuan.
This Japanese company once ranked first in the world telecom industry in terms of asset scale and business income, and its strength was superior.
Let's briefly sort out the history of this enterprise: NTT's predecessor was Japan Telecom and Telephone Company, which was established in 1950s. After that, for a long time, Japan Electric Power Company was the sole operator of the domestic telecommunications industry in Japan. With the absolute market advantage, the scale has continued to expand in a short time and developed into a behemoth.
In the early 1980s, Japan began to vigorously promote the privatization of public utilities. In this process, the power company was privatized and renamed NTT. By strengthening operation management and improving communication facilities, the level of communication business has been improved and various quality services have been introduced. Soon after, the new company successfully went public and broke the record in just two months. On the surface, the company has great development prospects, but in fact it is surging.
NTT's rich income has aroused the covet of all parties and is facing great pressure. In 1990s, the company embarked on the road of splitting, and mobile telephone service was separated and NTT DOCOMO Company was established. This earliest spin-off enterprise has now developed into one of the best mobile communication operators in Japan.
It is obviously not enough to do a business alone, or it is just the beginning. Later, NTT's core business, fixed-line telecommunications service, was divided into two parts: Dong-ill Sung and West Japan. After several spin-offs, the huge volume of NTT has been rapidly reduced, and many subsidiaries have coexisted.
Coincidentally, AT & amp； T, I have experienced such a thing. At that time, it once monopolized all the long-distance telephone and local telephone markets in the United States, but under the pressure of all parties, it was forced to split several companies. Nevertheless, after decades of development, it has become a giant in the communication industry.
Back to the development of NTT. After several business divisions, we began to export self-developed communication technologies from focusing on domestic operations in Japan, and at the same time operated overseas telecommunications services. Some analysts believe that the split of the group not only broke the monopoly pattern, but also helped to participate in the international communication market competition under the background of liberalization.
After more than 20 years of development, NTT Group has gradually recovered, becoming not only the largest telecom service provider in Japan, but also the forefront of the global communication industry. The company covers almost all information and telecommunications technologies, including various research and consulting services, new product sales, system and network integration services based on the latest technology, etc.
Last year, NTT Group reorganized its 28 companies and established a new global technical service provider. In this regard, the company's president and CEO said: "We have created a technology and business solutions company, ranking among the top five in the world. In the future, we will shape a smarter and better world as a whole through digital transformation. "
In 2020, the cooperation between Toyota and NTT will be based on the existing cooperation. Both sides should not only focus on their own projects, but also cooperate closely to build and operate a smart city platform. It is reported that they will develop a smart city prototype near Mount Fuji in Japan, which will integrate smart home, robot, autonomous driving and artificial intelligence technologies.