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The transaction completed on 1 June 2001, except for the
acquisition of BT's interests in the operating subsidiaries of J-Phone Communications,
which did not complete until 12 July 2001. As a result of these transactions, the
Group had a 46% interest in J-Phone Communications, not including its indirect
interest through Japan Telecom, and interests of 18.9%, 15.2% and 14.9%,
respectively, in J-Phone Communications' regional mobile companies J-Phone East,
J-Phone West and J-Phone Central, excluding the Company's indirect interests
through Japan Telecom's and J-Phone Communications' holdings in these companies...
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