NTT punts profit target by 3 years as Japan mobile unit Docomo struggles
Telecommunication
Poor earnings in cash cow business could slow group’s growth investments
NTT’s mobile unit has faced customer attrition due to poor connectivity in urban areas. (Photo by Satoko Kawasaki)
TOKYO — Japanese telecommunications group NTT has pushed back a major profit target by three years, the company said Friday, as a slump at mobile unit and earnings driver NTT Docomo threatens to hold back its overall growth strategy.
