NTT agreed to acquire Dimension Data, an international provider of IT infrastructure services, for approximately £2.1 billion in cash, representing an 18% premium to the company’s stock on the preceding day.
NTT Group is the largest provider of fixed and mobile voice-related services, internet protocol/packet communications services, sales of telecommunications equipment, system integration and other telecommunications related services in Japan and operates one of the largest telephone networks in the world.
Dimension Data is a recognized global leader in the provision and management of specialist IT infrastructure solutions. Dimension Data plans, builds, supports and manages IT infrastructure solutions for over 6,000 clients in 49 countries around the world. Dimension Data Shares are listed on the Official List of the London Stock Exchange and have a secondary listing on the Johannesburg Securities Exchange. The company has about 11,500 employees and has major operations in both the UK and South Africa.
NTT said the acquisition extends its strategy of pursuing international business opportunities and increasing revenue from value-added services for enterprise solutions on a global basis. By leveraging the complementary strengths of NTT and Dimension Data, NTT believes the enlarged group will be well-positioned to establish a leadership position as a comprehensive ICT services provider that offers significant value to its clients.
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