Nippon Telegraph and Telephone CorporationNYSE
Mon, Mar. 28, 6:10 AM
- Japan's NTT Data Corp. (OTCPK:NTDTY), a subsidiary of Nippon Telegraph & Telephone (NYSE:NTT), has agreed to buy Dell's IT services unit for $3.05B, marking one of its largest overseas investments in recent years.
- The transaction would help NTT strengthen its footprint in North America, and will allow Dell to raise cash to help finance its $67B takeover of storage vendor EMC Corp. (NYSE:EMC).
- Dell's IT consulting division, formerly known as Perot Systems, was sold to Dell in 2009 for $3.9B.
- Previously: Dell nears sale of IT unit to Japan's NTT Data (Mar. 28 2016)
Tue, Mar. 8, 5:15 AM
- Nippon Telegraph & Telephone (NYSE:NTT) is expected to offer more than ¥400B ($3.5B) to buy Dell's Perot Systems in a move aimed at bolstering the Japanese company's presence abroad, Nikkei reports.
- NTT Data President Toshio Iwamoto will formally present an offer to Dell executives this week, and is expected to enter into exclusive negotiations on the purchase.
- While the price may change before a deal is concluded, the acquisition appears likely to go down as NTT's third-largest ever.
- Previously: Reuters: NTT Data exclusive suitor for Dell's Perot Systems (Feb. 12 2016)
Mar. 3, 2015, 9:48 AM
- In taking an 86.7% stake in Germany's e-Shelter, Nippon Telegraph & Telephone (NTT -0.8%) makes itself a key player in Europe's data center industry, jumping into the No. 3 spot in the market.
- E-Shelter is Germany's top operator of data center services, managing 90K square meters of space in Germany, Switzerland and Austria.
- The hotly contested market is growing at 9% a year, according to Gartner.
- For its part, NTT operates more than 130 data centers worldwide.
- The move follows shortly behind a merger of Telecity (OTCPK:TLEIY) with InterXion (NYSE:INXN) to create a leader in that space.
Oct. 28, 2013, 4:01 AM
- NTT Communications, the long-distance and overseas calling unit of Nippon Telegraph & Telephone (NTT), has agreed acquire Denver-based Virtela Technology for $525M.
- The acquisition of Virtela will enable the Japanese company to offer worldwide data services without having to license cables and lines in individual markets.
- NTT will also buy an 80% stake in RagingWire, another provider of data services, for $350M. RagingWire generates annual revenues of $85M and a compounded annual growth rate of 30%. The deal will more than double NTT Com's data-center space in the U.S.