NTT Corp looks forward to achieving a market capitalization exceeding $132 billion or 15 trillion yen in the next two years, as per the chief financial officer, Akira Shimada. This is more than a 20 % valuation right now for the Japanese carrier Nippon Telegraph & Telephone Corp, which is expecting improved profits and buyback of its shares. In a recent interview, Shimada, who also happens to be the Senior Vice President of Japan's largest telecommunication company, said that the expected valuation is already the threshold with options of additional share buybacks. As per Bloomberg news, NTT merged with its wireless subsidiary NTT Docomo Inc. last year for 4.25 trillion yen converted the company into a larger entity with a $111 billion current market value. NTT, the former national telecom company, is the fifth largest business in Japan by value. A higher valuation will place it on par with Son Corp. and Keyence Corp. In August, NTT unveiled a plan to buy back shares worth 250 billion yen by match 2022. Following a successful sale of 300 billion yen of green debt in October, NTT is considering issuing more green bonds as per Shimada. The proceeds will be utilized on green projects that include renewable energy and 5G wireless technology. Following a 4 % decline in share prices in 2020, NTT has gained around 20% this year. NTT quarterly result, which is expected on November 10, has raised its target per-share earnings from 320 yen to 370 yen for the fiscal year. It has boosted its cost-saving target from 800 billion yen to 1000 billion yen. As per Shimada, Docomo's partnership with Mitsubishi UFJ Financial Group Inc. announced May this year will offer financial services products like home loans to their wireless customers. Further Reading \t Is Bitcoin a Good Investment? \t Crypto-Related Transactions Illegal – Says China \t Is Ethereum More Ethical Than Bitcoin?