Shoji Takahashi is managing director of NTT Com Asia, not its parent company NTT Communications (NTT Com) as indicated in a South China Morning Post business report on June 7. NTT Com Asia's 2003 revenue for last year increased 40 per cent year on year, with 75 per cent from Arcstar and Systems Integration and the remainder from its NTT/VERIO IP transit service. NTT Com Group earned revenues of five billion yen (HK$358.52 million) in China last year. NTT Com also bought out HKNet not in 2002, but through three transactions between July 1999 and November 2001.