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Utilities M&A image Utilities M&A » By The Online Investor Staff, updated Sun., Apr. 11, 9:37 AM Recent mergers and acquisitions in the Utilities M&A category.

Slide #55. 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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Company Name: 
Nippon Telegraph & Telephone Corp (Japan)
Stock buyback: 
NTT buyback
Website: 
www.ntt.co.jp
Sector: 
Communications Services
 

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Strong Buy (4.00 out of 4)
28th percentile
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