NTT, NTT Data to combine overseas business operations (updated)
09/05/2022 06:15
(Recasts with company announcement)
TOKYO, May 9 (Reuters) - Japan's Nippon Telegraph and
Telephone Corp 9432.T said on Monday it would combine its
overseas business operations with NTT Data Corp 9613.T .
NTT plans to keep NTT Data listed, NTT President Jun Sawada
told a news briefing, dampening speculation it would take the
subsidiary private after NTT Data's shares surged as much as 17%
earlier in the day.
In 2020, NTT launched Japan's largest-ever tender offer for
the shares in its wireless carrier, NTT Docomo, that it did not
already own.
($1 = 130.9700 yen)
(Reporting by Shinji Kitamura and Sam Nussey; Editing by
Christian Schmollinger and Kim Coghill)
((ran.kim@thomsonreuters.com; +81-3-4520-1228;))
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