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Nippon Telegraph and Telephone Corporation (NTT)

  • Tue, Mar. 3, 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.
    | Tue, Mar. 3, 9:48 AM | Comment!
  • 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.
    | Oct. 28, 2013, 4:01 AM | Comment!
NTT vs. ETF Alternatives
Company Description
Nippon Telegraph & Telephone Corp is engaged in providing regional communications, long-distance and international communications, mobile communications and data communication services in Japan.
Sector: Technology
Country: Japan