TOKYO -- Nippon Telegraph and Telephone announced on Thursday that it plans to turn NTT Data Group into a wholly owned subsidiary through a tender offer worth 2.37 trillion yen ($16.4 billion), accelerating its shift from telecommunications to the technology sector by leveraging the unit's strength in corporate IT services.
Business deals
NTT to make NTT Data wholly owned with tender offer of $16bn
Japanese telecom pivots to IT services as AI and data centers grow
NTT will acquire the remaining shares in NTT Data for over 2 trillion yen. (Source photos by Nikkei)
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