Nippon Telegraph and Telephone : Establishment of NTT Group's Corporate Venture Fund "NTT Investment Partners Fund IV, L.P. (NIP Fund IV)"
May 31, 2023 at 02:49 am EDT
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Establishment of NTT Group's Corporate Venture Fund "NTT Investment Partners Fund IV, L.P. (NIP Fund IV)"
Tokyo - May 31, 2023 -NTT Corporation("NTT")has established various funds over the years to promote business expansion and the creation of new services for both the NTT Group and the venture companies which funds have invested in, including the "NTT Investment Partners Fund, L.P." (fund size: 15 billion yen) in March 2008, "NTT Investment Partners Fund II, L.P." (fund size: 10 billion yen) in January 2014, and the "NTT Investment Partners Fund III, L.P." (fund size: 20 billion yen) in July 2018 to support investee venture companies. To continue promoting stronger ties with venture companies, we have announced our plans to establish the "NTT Investment Partners Fund IV, L.P. (NIP Fund IV)".
1.PurposeBased on the "Innovating a Sustainable Future for People and Planet" which is the basic concept of the new medium-term management strategy, the objective is to accelerate innovation and collaboration in services and technologies of the NTT Group through investment in venture companies that possess technologies and know-how for creating new value through IOWN, creating new value through data-driven, and realizing a recycling-oriented society.
The information contained in this announcement is accurate as of its date of release.
Please be aware that current information may differ to that contained in this announcement.
Thank you for your understanding.
NTT - Nippon Telegraph & Telephone Corporation published this content on 31 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2023 06:48:28 UTC.
Nippon Telegraph and Telephone Corporation (NTT) is one of the Japanese largest telecommunications operators. Net sales break down by activity as follows:
- systems integration services (32.8%). In addition, the group offers cloud services, data hosting, managed services, etc.;
- networking and interconnection services (28.3%);
- mobile telephony services (9.1%): 84.8 million subscribers at the end of March 2022;
- fixed-line telecommunications services (7.5%): local and long-distance telephony services
- sale of telecommunications terminals (5.7%);
- other (16.6%): primarily distribution of films, music and e-books, financial services, real estate management and renewable energy production.
Japan accounts for 81.9% of net sales.
NIPPON TELEGRAPH AND TELEPHONE CORPORATION 
