NTT to Acquire NTT Data Group through Tender Offer Worth up to $20 Billion
05/07/25, 5:14 PM
Location
thailandMoney
$20 billion
Industry
hardware
Type
contract
Nippon Telegraph and Telephone plans to turn NTT Data Group into a wholly owned subsidiary through a tender offer expected to be worth up to $20 billion. This move accelerates NTT's shift from telecommunications to the technology sector by leveraging the unit's strength in corporate IT services.
Company Info
Location
thailand
Additional Info
NTT Corp. is a prominent telecommunications company based in Japan. It focuses on providing a range of services, including AI and cloud computing infrastructure. NTT is known for its strategic investments in technology and digital transformation to enhance its service offerings. The company has a significant presence in the global telecom and IT market.