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NTT to Acquire NTT Data Group through Tender Offer Worth up to $20 Billion

May 07, 2025

Contract Type

contract

ThailandInformation TechnologyHardwareSatellite CommunicationVoip

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.