Nippon Telegraph and Telephone privatization study : experience of Japan and lessons for developing countries

The privatization (or partial privatization) of Nippon Telegraph & Telephone (NTT) stands as the single largest effort of its kind in history and for that reason alone merits careful attention. The privatization of state-owned telecommunications enterprises has been remarkably global in recent years. Many countries are planning to privatize the sector, hoping to achieve gains in managerial and operational efficiency, provide more responsive service, meet growing demand, generate revenue for government, facilitate the formation of the domestic capital market, and enhance access to the world's capital market. The primary objective of this study is to examine and analyze the process of NTT privatization and changes before and after the privatization. The lessons learned from the study should enable developing countries to carry forward their privatization effort.