The Nippon Telegraph and Telephone Group posted a profit of 233.4 billion yen (US$2 billion) for its recently completed fiscal year, reversing a loss of 835 billion yen for the prior year. The improved performance was largely attributed to cost cutting measures, while the company acknowledged continued fixed line losses and declining voice revenues in a new era of broadband competition. Highlights from some of NTT's major divisions include:NTT East returned to profitability, reporting operating revenues of 2,352.2 billion yen (down 8.6% from...