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Name | Symbol | Market | Type |
---|---|---|---|
Nippon Telegraph and Telephone Corporation (PK) | USOTC:NTTYY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.145 | -0.57% | 25.09 | 24.86 | 25.30 | 25.53 | 24.9901 | 25.0501 | 53,192 | 21:01:45 |
Will strengthen undersea cable laying and maintenance capabilities in Japanese and overseas waters
NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT (NYSE:NTT) Group, NTT World Engineering Marine Corporation (NTTWEM) and NTT FINANCE CORPORATION (NTT FINANCE) jointly held a launch ceremony today for their new submarine cable-laying vessel “Kizuna” at Kanrei shipyard in Tokushima, Japan. Construction of the 8,500 ton ship, which measures 109 meters in length and 20 meters in width, and which will have a planned average cruising speed of 13 knots and a capacity of up to 60 crew, will be completed by the end of fiscal year 2016.
Kizuna will be owned by NTT FINANCE and leased to NTTWEM when required. NTTWEM’s parent company NTT Com and other telecommunication companies and service providers will utilize Kizuna and three other vessels operated by NTTWEM to lay and maintain submarine cables used for delivering network and cloud services.
Submarine cable forms part of the core physical infrastructure that supports worldwide mobile communications, video distribution, music sharing, the transmission of enterprise data and IoT-related data collected from sensors worldwide. Optical fiber undersea cables are increasingly being laid to handle the ever-increasing volumes of such data.
Image 1: Conceptional image of the completed KizunaImage 2: Kizuna launch party
Features of the new vessel include:
NTT Com plans to deploy the new ship Kizuna predominantly for cable laying in Japanese waters, with the existing Subaru being used mostly overseas, with both vessels offering fast and competitive undersea cable laying and maintenance.
The name of the new vessel was chosen following an internal poll of NTT Com Group employees. The Japanese word “kizuna” signifies the connection between people and between people and things, and is therefore an appropriate symbol for NTT Group’s business field, as well as being a keyword for the next generation. The calligraphy of the Japanese character for “kizuna” appearing on the ship’s body is the work of Tetsuya Shoji, President and CEO of NTT Com.
About NTT World Engineering Marine CorporationNTT World Engineering Marine has been the marine-engineering arm of the NTT family since 1998. It is engaged in laying submarine communication cables and providing related maintenance services.www.nttwem.co.jp
About NTT Communications CorporationNTT Communications provides consultancy, architecture, security and cloud services to optimize the information and communications technology (ICT) environments of enterprises. These offerings are backed by the company’s worldwide infrastructure, including the leading global tier-1 IP network, the Arcstar Universal One™ VPN network reaching 196 countries/regions, and over 140 secure data centers worldwide. NTT Communications’ solutions leverage the global resources of NTT Group companies including Dimension Data, NTT DOCOMO and NTT DATA.www.ntt.com | Twitter@NTT Com | Facebook@NTT Com | LinkedIn@NTT Com
About NTT FINANCE CORPORATIONNTT FINANCE provides a range of financial services for leasing, loan and investment and settlement services for billing, collection services and credit card services.www.ntt-finance.co.jp
View source version on businesswire.com: http://www.businesswire.com/news/home/20161115006881/en/
Media ContactsNTT World Engineering Marine Corporationinfo@nttwem.co.jporNTT Communications Corporationhodo-cp@ntt.comorNTT FINANCE CORPORATIONkouhou@s1.ntt-finance.com
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