Nippon Telegraph and Telephone Corp. may book a latent loss of up to 550 billion yen this business year due to the depreciated value of Verio Inc., its U.S. Internet wholesale service subsidiary, NTT sources said Monday.

NTT Communications Corp., a wholly owned subsidiary, acquired Verio in September 2000 for 600 billion yen to get in on the information technology boom in the United States and acquire its customer base of mainly corporate users.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.