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.
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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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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 28th percentile
(ranked lower than approx. 72% of all stocks covered)
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