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Utilities M&A image Utilities M&A » By The Online Investor Staff, updated Sat., Apr. 17, 7:43 AM Recent mergers and acquisitions in the Utilities M&A category.

Slide #96. NTT Communications Corporation Virtela Technology Services Incorporated

Acquirer: NTT Communications Corporation (NTT)
Acquiree: Virtela Technology Services Incorporated
Details: NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within NTT (NYSE:NTT), and Virtela Technology Services Incorporated (Virtela), a leading global managed and cloud network services company, announced today that NTT Com and Virtela's shareholders have entered into a definitive agreement under which NTT Com has agreed to wholly acquire Virtela for a total transaction price of approximately $525 million (USD) in cash.

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
(ranked lower than approx. 72% of all stocks covered)
Based on Zacks ABR data;
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