NTT gets green light to acquire Dimension Data

12 Oct 2010

Japan’s Nippon Telegraph and Telephone Corp (NTT Corp) has agreed a deal to acquire London-based solutions provider Dimension Data, in a USD3.3 billion cash deal that will create a significant global IT services and solution provider. In July this year NTT announced it was interested in buying Dimension Data, which has extensive business in the US, and which booked annual revenues of around USD4 billion (September 2009) and boasted around 11,500 employees across the globe. The Japanese firm revealed yesterday it has received acceptance of its plan to buy more than 93% of Dimension Data’s shares, adding that all the regulatory conditions of the deal have been satisfied or waived.

Japan, United Kingdom, Dimension Data, Nippon Telegraph and Telephone Corporation (NTT Corp)