the NTT Law .

The company is incorporated pursuant to the NTT Law. The purpose of the company defined by the law is to own all the shares issued by and and to ensure proper and stable provision of telecommunications services all over Japan including remote rural areas by these companies as well as to conduct foundational research in telecommunications, developing the core technologies that will underpin the future of global connectivity. On 1 July 2019, NTT Corporation launched NTT Ltd., an $11 billion