Communications Services M&A » By The Online Investor Staff, updated Sat., Feb. 27, 1:04 AM
Recent mergers and acquisitions in the Communications Services M&A category.
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Slide #24. NTT Communications — 80% Ownership Stake of RagingWire Data Centers
Acquirer:
NTT Communications (NTT)
Acquiree:
80% Ownership Stake of RagingWire Data Centers
Details:
NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within NTT (NYSE: NTT), and RagingWire Data Centers (RagingWire), a leading provider of data center colocation services in the United States, jointly announced on February 3 that NTT Com has completed its investment of $350 million in RagingWire to acquire an 80% ownership stake. RagingWire's founders and management team will continue to operate the company as a platform under the RagingWire brand and maintain a minority interest in the company.
Nippon Telegraph and Telephone and its subsidiaries conduct the following main business activities: regional communications (domestic intra-prefectural communication services and incidental services), principally operated by Nippon Telegraph and Telephone East Corporation and Nippon Telegraph and Telephone West Corporation; long-distance and international communications (domestic inter-prefectural communication services, international communication services and incidental services), principally operated by NTT Communications Corporation; mobile communications, principally operated by NTT DOCOMO, Inc.; and data communications, principally operated by NTT DATA CORPORATION.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 30th percentile
(ranked lower than approx. 70% of all stocks covered)
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