New Street: NTT Corp. - Q2 20: Strong and a surprise buyback
NTT has reported an exceptionally strong set of Q2 figures, with significantly improving group trends and despite the increased leverage from the DOCOMO buyout has also announced a ¥250bn share buyback, which we were not expecting at this stage.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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