RNS Number:6858X
Nippon Telegraph and Telephone Corp
31 January 2006

                                                                January 31, 2006


Company Name:  Nippon Telegraph and Telephone Corporation
Representative:  Norio Wada, President
(Code Number 9432 - Tokyo, Osaka, Nagoya, Fukuoka and Sapporo)


NTT Com to Sell Philippine Long Distance Telephone Shares to NTT DoCoMo

NTT Communications Corporation (NTT Com) and NTT DoCoMo, Inc. (NTT DoCoMo) today
agreed with Philippine Long Distance Telephone Company (PLDT) and First Pacific
Company Limited, the largest shareholder of PLDT, that NTT Com will sell a
portion of its shares of PLDT to NTT DoCoMo. (For details of the transaction,
please see attached press releases from NTT Com and NTT DoCoMo.)

The sale by NTT Com will take place after NTT DoCoMo and PLDT's wholly-owned
mobile subsidiary, SMART Communications, Inc. (SMART), complete registration
with the relevant authorities in the Philippines for the i-mode service and
conclude an i-mode license agreement.  Through this sale, a gain on sale of
investment of about 43.8 billion yen* is expected to be recognized on the
independent financial statements of NTT Com, however, there will be no impact
arising from the share acquisition that might affect the consolidated business
results of NTT.


* 1 peso = 2.26 yen (As of January 30, 2006)


   For further inquiries please contact:

   Global Business Strategy Office
   (Mr.) Takahiro Sumimoto
   Phone:  +81-3-5205-5191
   E-mail:  t.sumimoto@hco.ntt.co.jp




January 31, 2006

NTT Com to Sell Philippine Long Distance Telephone Stock to NTT DoCoMo

TOKYO, JAPAN - NTT Communications Corporation (NTT Com) today announced
that it will sell 12,633,486 common shares of its share in Philippine Long
Distance Telephone Company (PLDT) to NTT DoCoMo, Inc. (DoCoMo) for 23 billion
pesos or 52.1 billion yen (US$ 445 million)*. The transaction is the result of
an agreement among four companies: NTT Com, DoCoMo, PLDT, and PLDT's largest
shareholder First Pacific Company Limited. The shares represent approximately 7%
of PLDT's total outstanding common shares. After the sale, NTT Com will retain
12,633,487 of PLDT's common shares (7% stake) and will realize proceeds of
approximately 43.8 billion yen (US$ 374 million)* from the shares sold.

NTT Com, which has been a shareholder in PLDT since March, 2000, provides
international communications services for corporate users and Internet services
in the Philippines.

Hiromi Wasai, President and CEO, said, "Through our strategic partnership, PLDT
and NTT Com have excelled in providing global telecommunications services for
multinational companies. DoCoMo's entry as a shareholder in PLDT will further
boost the overall global business development of the NTT Group, through the
expansion of its mobile business component, thereby enhancing the corporate
value already built. The move plays into the fixed-mobile convergence direction
that DoCoMo and NTT Com has embarked and results in a winning proposition for
all parties."


* 1 peso = 2.26 yen, US$1 = 117.14 yen (As of January 30, 2006)



                                    #  #  #


About NTT Com

NTT Communications is a subsidiary of Nippon Telegraph and Telephone (NTT)
Corporation (NYSE: NTT) - one of the world's largest telecommunications
companies. NTT Com provides high-quality, technologically advanced network
management, security and solution services to consumers, corporations and
governments on a global basis, with a special focus on the Asia-Pacific region.
Its world-class backbone network, combined with the networks of partner
companies around the world, offers access to more than 200 countries. NTT Com
Group has more than 30 companies in the Asia-Pacific region, Europe and the
Americas. The company has garnered several awards for its leading edge
technologies, outstanding performance and customer service, including "World
Communication Awards Best Customer Care - 2005." For more information, please
visit http://www.ntt.com



For More Information

(Mr.) Tadashi Imachi or (Mr.) Toshio Fujii
Corporate Planning Department, NTT Communications
Tel. +81 3 6700 4601





NTT DoCoMo, Inc.
Sanno Park Tower 2-11-1 Nagata-cho Chiyoda-ku, Tokyo Japan 100-6150

For Immediate Release


NTT DoCoMo to Form Comprehensive Business Tie-up with Philippine Long Distance
Telephone Company


TOKYO, JAPAN, January 31, 2006 --- NTT DoCoMo, Inc., announced today that it has
agreed with NTT Communications Corporation (NTT Com), Philippine Long Distance
Telephone Company (PLDT), and PLDT's largest shareholder First Pacific Company
Limited that DoCoMo will acquire 12,633,486 PLDT shares (approximately 7% of
PLDT's issued shares) owned by NTT Com for approximately 52.1 billion yen. In
addition, DoCoMo and PLDT will form a comprehensive business tie-up, including
the launch of the i-mode service in the Philippines.

The share acquisition and tie-up with PLDT will take place after DoCoMo and
PLDT's wholly owned mobile subsidiary, SMART Communications, Inc. (SMART),
complete registration with the concerned authorities in the Philippines
regarding the i-mode service, and also conclude an i-mode license agreement.

As part of the tie-up, DoCoMo will support PLDT and SMART in introducing i-mode
and W-CDMA services and promoting international roaming between Japan and the
Philippines. In addition, DoCoMo will appoint one director each to the boards of
PLDT and SMART and may consider increasing its investment in PLDT if a suitable
opportunity arises.


For further information, please contact:
Masanori Goto or Nobuo Hori
International PR
Public Relations Department
NTT DoCoMo, Inc.
Tel: +81-3-5156-1366
Fax: +81-3-5501-3408
website: http://www.nttdocomo.com
Inquiries may also be made through the following URL:
http://www.nttdocomo.com/inquiry


i-mode and FOMA are trademarks or registered trademarks of NTT DoCoMo, Inc. in
Japan and other countries.
NTT DoCoMo's FOMA service is only available to subscribers in Japan.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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