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To: w molloy who wrote (54324)	12/15/1999 10:39:00 PM
From: Ruffian	Respond to of 152472

DDI to Merge with Two Rival Japanese Phone Companies to Challenge NTT By Junko Fujita DDI to Merge With Two Phone Rivals to Challenge NTT (Update5) (Rewrites 1st paragraph.) Tokyo, Dec. 16 (Bloomberg) -- DDI Corp., Japan's No. 2 long- distance telephone company, said it will merge with two rivals, KDD Corp. and IDO Corp., completing a nationwide cellular network and becoming the country's biggest international phone company. The merger will create Japan's second-largest telecommunications company after Nippon Telegraph and Telephone Corp. The companies said they will unveil details of the merger this afternoon. A merger of the three would create a company large enough to challenge the dominance of NTT, the world's largest telephone company in Japan's 14 trillion yen ($135 billion) telecommunications market. KDD, which posted its first group loss in 38 years last year as new competitors forced the company to cut international calling rates, was set up in 1953 to handle international phone services, a year after the government established NTT to rebuild Japan's war-ravaged telephone system. ''The merger makes sense if DDI uses the move as an opportunity to take action on the weaknesses KDD currently has,'' said Tomoharu Sone, an analyst at Universal Securities Research Institute.