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IT

NTT to acquire remaining stake in NTT Com Security

Friday 20 November 2015 | 07:09 CET | News
Nippon Telegraph and Telephone Corporation (NTT) has informed NTT Com Security (abbreviated to NCS) of its intention to enter into negotiations regarding a merger of NCS onto NTT Communications Deutschland, a 93.01 percent shareholder of NCS and subsidiary of NTT in Germany, and thereby acquire the remaining shares in NCS against cash compensation. Prior to this proposal, NTT has made NTT Communications Deutschland, formerly an indirectly-owned subsidiary under NTT Communications Corporation, a directly-owned subsidiary of NTT.

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Categories: IT
Companies: Dimension Data / NCS / NTT Communications
Countries: World
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