NTT buys Dimension Data for $3.2b

Robert Clark
16 Jul 2010
00:00
News
Daily News

NTT is to buy South African IT firm Dimension Data for £2.1 billion ($3.2b) with the aim of offering “one-stop” ICT services to businesses worldwide.

The New York-listed Japanese carrier has offered an 18% premium in cash for the systems integrator.

NTT said the two companies had complementary geographic and product footprints, and believed the deal would help it boost revenue from value-added services for enterprises.

Dimension Data, which is listed on the London Stock Exchange, has 6,000 clients in 49 countries.

Dimension would continue to operate as a standalone entity, NTT said.

NTT CEO Satoshi Miura said: “By leveraging the complementary strengths of both companies, we are confident that we will provide end-to-end, global-one-stop and high quality ICT services. Dimension Data and NTT share the common vision to create new services and values to succeed in the coming age of cloud computing.”

Related content

Comments
No Comments Yet! Be the first to share what you think!