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Fixed-line pain stings Japan Telecom balance book

Ouch...

By John Oates

Published: 22 November 2001 08:10 GMT

Japan Telecom posted a loss for the six months ending in September.

Harsh price competition on fixed-line prices was blamed for the loss.

Japan Telecom turned a Y6.9bn (£56m) profit a year ago into a Y5.2bn loss (£42m).

The telco also wrote off Y13b costs associated with its mobile unit, J-Phone, according to the Financial Times.

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