NTT reports a 4 percent drop in net profits during April-September.(Nippon Telegraph and Telephone)(Brief Article)

Tokyo-based Nippon Telegraph and Telephone, NTT, is a major government-owned telecom company in Japan. Its net profits for the 6 months ended September 2005 were down by 4 percent as a result of lower demand for VoIP and other cheaper services.

The company reported sales of $44.4 billion, which was 1.7 percent less than during the same …