Japan's Telecommunications Deregulation: NTT's Access Fees and Worldwide Expansion

In July 2000, the United States and Japan reach a negotiated settlement on Japan's costly rates for telecommunications companies to hook into the telephone network owned by the Nippon Telegraph and Telephone Company (NTT), Japan's dominant provider of telecom services. Japan agreed that NTT would lower its rates for regional access by 50% and local access by 20% over two years. NTT also is attempting to acquire Verio, an Internet service provider in the United States.