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NTT DoCoMo to cut cell phone rates-Nikkei
Posted: 08-May-2001 [Source: Reuters]

[NTT DoCoMo cuts rates for the third time since December.]

Tokyo -- "Japan's dominant mobile carrier NTT DoCoMo Inc will reduce its monthly cellphone service charges next month in the midst of increasing competition and brisk earnings, the Nihon Keizai Shimbun financial daily said on Tuesday.

"A spokesman for DoCoMo declined to comment on the report.

"The Nihon Keizai said DoCoMo, the mobile communications arm of former state monopoly Nippon Telegraph and Telephone Corp (NTT) , would sacrifice about 150 billion yen ($1.24 billion) in annual revenues as a result of the rate changes.


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