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To: SKIP PAUL who wrote (4080)	12/9/1999 10:56:00 PM
From: Ruffian	Read Replies (1) \| Respond to of 13582

Japanese Phone Companies KDD, IDO and DDI Confirm They're in Merger Talks By Peter Poole-Wilson with reporting from Junko Fujita, Minoru Matsutani DDI, KDD Confirm Talks With IDO Though Agreement Not Close Tokyo, Dec. 10 (Bloomberg) -- KDD Corp., Japan's biggest overseas telephone service company, and DDI Corp., a long- distance carrier, say they are in talks that could result in a merger with Toyota Motor Corp. cellular phone affiliate IDO Corp., though a decision isn't imminent. The talks, which are focusing on plans to develop together a new generation of mobile phones, are continuing, KDD and DDI said in statements. This is the first time the companies have confirmed they are in three-way negotiations. A merger of the three companies would reorganize Japan's telecommunications industry into three groups and create the nation's second-largest comprehensive phone services company behind Nippon Telegraph and Telephone Corp. DDI Corp. founder and Chairman Emeritus Kazuo Inamori in October said prolonging the talks could jeopardize the plan. Media reports, denied by the company, said Inamori set December as a deadline. Japan Telecom Co., currently the nation's fourth-largest telecommunications carrier, would be the third of three Japanese phone services groups formed if KDD, IDO and DDI were to merge.