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NTT to Acquire NTT Data Group through Tender Offer Worth up to $20 Billion
May 07, 2025•about 1 year ago
Contract Type
contract
ThailandHardware
Description
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 Information
Company
Nippon Telegraph and Telephone
Location
Thailand
About
Nippon Telegraph and Telephone Corp. (NTT) is a major telecommunications company in Japan. It provides a variety of services including mobile and fixed-line communications. NTT is also investing heavily in artificial intelligence. As a government-affiliated company, NTT aims to strengthen its competitive position in the AI sector.
ThailandHardware