Industry

NTT Inc merges all its tech firms globally

Kiran Bhagwanani.   | Photo Credit: Special Arrangement

Tokyo-headquartered NTT Inc., the fourth largest telecommunications company in the world, has merged 28 of its existing companies and brands across 70 countries to create a new entity, NTT Ltd, that will manage technology and services business worth $11 billion.

All these companies, including Dimension Data, NTT Communications, Netmagic Solutions, NTT Security and Arkadin, offer technology services such as Managed Service and legacy System Integration and security services.

After the consolidation , the newly created entity NTT Ltd will have a people strength of 40,000 and over 10,000 clients around the globe. The integration is expected to benefit both NTT and its global customers.

NTT Ltd also named Kiran Bhagwanani as its India CEO, who will report to John Lombard, Asia Pacific CEO, NTT Ltd.

“With this integration, our goals and capabilities increase multi-fold. We have created a global technology powerhouse that delivers full breadth of industry-leading products, solutions and world-class managed services to empower our clients in their digital transformation journey.''said Mr Bhagwanani.

The company said its clients would gain tremendously with NTT Group’s research and innovation capabilities for which the annual average investment for the next five years was $3.6 billion.


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Printable version | Nov 27, 2021 8:01:36 AM | https://www.thehindu.com/business/Industry/ntt-inc-merges-all-its-tech-firms-globally/article29567519.ece

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