Struggling with ongoing restructuring efforts, Japan Telecom Co. on Tuesday reported net losses of 66 billion yen for the business year that ended in March. It was Japan Telecom's first net loss as a publicly traded company.
The nation's No. 3 telecommunications firm also announced day a 5.5 billion yen deal to sell its asymmetrical digital subscriber line business to e-Access Ltd., a major wholesaler of ADSL services to Internet service providers.
The transfer of 215,000 subscribers and 842 related base facilities will make e-Access, with 525,000 users, the second-largest broadband provider after the NTT group, according to e-Access.