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Japan Telecom Holdings Co. said Friday it has agreed to sell off part of an engineering subsidiary to Australian-based construction and real estate company Bovis Lend Lease Corp. in an effort to concentrate on its core telecommunications business.

By Nov. 1, Japan Telecom will reorganize the Japan Telecom Engineering group, now comprised of eight regional firms with sales totaling 54 billion yen, into a fixed-line business unit, and a cellular-related business unit that it will sell off.

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