Nippon Telegraph & Telephone Corp. (NYSE:NTT) is the dominant telephone and broadband company in Japan. Using a sum-of-the-parts valuation, the stock is attractively valued especially when one considers the opportunity of growing broadband usage opportunity in Japan and the surprisingly strong balance sheet.
Telecom
The largest part of the valuation puzzle regarding NTT is NTT DoCoMo (NYSE:DCM), Japan’s largest telecommunications company with 73 million customers and a market share of 46%. Its primary competitors are KDDI (OTCPK:KDDIF) with 30% share and Softbank (OTCPK:SFTBY)....More>>>