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Docomo profit warning marks end of an era for Japan telecoms

Fee cuts and 5G investments to deliver 'one-two punch' to earnings, industry executive warns

An NTT Docomo store in Osaka. The major Japanese carrier booked its highest profit in over a decade last fiscal year but expects a large drop for fiscal 2019.   © Reuters

TOKYO -- Leading Japanese wireless carrier NTT Docomo forecast its first operating profit drop in five years Friday in a sign that the age of big profits for the industry is ending as it faces new competition, government pressure to lower fees, and the need to make 5G network investments.

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