NTT (Buy) - Some Quick Takeaways from the Subsea Cable Announcement

NTT (Buy) - Q1 22 Results Reaction: Forex Gains Flatter Top-Line; Signs of Mobile Stability

Japan Telecoms - A Reminder on the Regulator’s Spectrum Plans Through FY25

Japan Telecoms - New (Discount) Mobile Pricing Plan Users Exceed 40mn

Japan Telecoms - FY22 Guidance Largely Insulated from Pressure to Raise Wages

Gravity Works As WeWork Doesn't; Now Plan B

Telco/Internet specialist

Kirk Boodry

Redex Research

Thematic (Sector/Industry)

Japan Telecom services / Thematic (Sector/Industry)

<ul>
<li>MIC data provides further support that regulatory pressure was successful in driving down industry prices with 40mn users on discount plans that are among the cheapest globally</li>
<li>That has led to ¥230-250bn in service revenue erosion for both FY21 and FY22e but evidence of a solid win for regulators reassures that further action isn't needed</li>
<li>Handset pricing is on the rise as 5G proliferates, which is good news for incumbents that can lock users in through instalment payment plans</li>
</ul>


MIC data provides further support that regulatory pressure was successful in driving down industry prices with 40mn users on discount plans that are among the cheapest globally
That has led to ¥230-250bn in service revenue erosion for both FY21 and FY22e but evidence of a solid win for regulators reassures that further action isn't needed
Handset pricing is on the rise as 5G proliferates, which is good news for incumbents that can lock users in through instalment payment plans


NTT (Nippon Telegraph & Telephone) (9432 JP)

Japan Telecoms - Update from Regulators’ Competition Working Group

Japan Communication Services

Japan Telecoms - Update from Regulators’ Competition Working Group