It is also a holding company that provides telecommunication services.
A separate business segment also provides real estate, finance and engineering services. Founded in the year 1952, it is headquartered in Tokyo. Employing around 239,756 people, its present CEO is Hiroo Unoura. Ranked 53rd in Fortune Global 500, NTT is the third largest telecommunications company in the world in terms of revenue. Initially the company was established in 1952 as a government owned monopoly, it was later privatized in the year 1985 to encourage competition in the Japanese telecom market. One of the biggest strengths of the company is its ownership of the last mile infrastructure, due to which it enjoys oligopolistic control over landline telephones in Japan.