BT is once again rumoured to be in talks about making a significant investment in Japan Telecom.
This time, according to a Japanese newspaper, the UK telcomms giant is working with AT&T to bid for a 30 per cent stake in the Japanese long distance carrier for Y150 billion ($1.28 billion).
A Japan Telecom official told journalists: "Regarding the report about an alliance with foreign companies, at present nothing has been decided."
BT has been anxious to secure a strong foothold in Japan for a number of years and last November was rumoured to be considering taking a 30 per cent stake in Japan's second largest domestic operator DDI for $1 billion .
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