New Street: Japanese Telcos – ¥550bn buybacks in aggregate for FY20; higher than expected
At their Q2 results both KDDI and NTT surprised with the size of buybacks, announcing ¥200bn and ¥250bn respectively, to take total buybacks for the industry to ¥550bn this year, roughly double expectations we think.Nippon Telegraph and Telephone and its subsidiaries conduct the following main business activities: regional communications (domestic intra-prefectural communication services and incidental services), principally operated by Nippon Telegraph and Telephone East Corporation and Nippon Telegraph and Telephone West Corporation; long-distance and international communications (domestic inter-prefectural communication services, international communication services and incidental services), principally operated by NTT Communications Corporation; mobile communications, principally operated by NTT DOCOMO, Inc.; and data communications, principally operated by NTT DATA CORPORATION.
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