Posted: 16 Jul 2019 05:00 AM PDT
The Japanese telecommunications company Nippon Telegraph and Telephone Corporation (NTT Corporation) has set up a new global technology services provider, NTT Ltd. The new NTT enterprise combines the capabilities of 28 companies, with NTT Communications, Dimension Data and NTT Security amongst others, into a single entity worth USD 11 billion. Headquartered in London, NTT Ltd. will have about 40000 employees in offices spread across 70 countries and regions.
According to Jun Sawada, President and CEO for NTT Corporation, combining the new capabilities of NTT Ltd. along with NTT Data creates a global technology and business solutions provider outside Japan, with revenues of USD 20 billion. "Going forward, we will accelerate our execution as one NTT in order to contribute to a smarter and better world through digital transformation," said Sawada.
The collaboration of all these companies and the increased investment in innovation and R&D will allow NTT Ltd. to provide its customers with access to a wider range and greater depth of skills across multiple technologies and capabilities. Furthermore, NTT Ltd. will offer global technology and managed services, improved ability to deliver in-depth industry solutions, and managed service platforms that will provide local customizations to meet customer needs in each market.
Tsunehisa Okuno, Chairman for NTT Ltd. and Executive Vice President for NTT Corporation, said, "Today NTT continues its 120-year heritage of always listening to and innovating for our clients. Along with creating a very strong technology and managed services provider in NTT Ltd., we have also increased our commitment to investing more in R&D, new technology startups through our venture capital fund, and developing our own disruptive innovation business team. We see the opportunity to help our clients and communities more effectively when we bring all of these capabilities together."
Jason Goodall, CEO for NTT Ltd., commented, "We know technology doesn't stand still. And nor do we. We will continue to move our business forward to ensure we deliver solutions that are both relevant for today and tomorrow. We are excited to be part of one of the world's largest technology and business solutions providers and look forward to partnering with our clients around the world with our full range of capabilities."
As stated by NTT Ltd., it has already signed partnership agreements with more than 10000 clients worldwide, including organizations in the telecommunications, financial services, energy and utilities, pharmaceuticals, manufacturing, automotive and technology sectors.
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