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(Update 3) NTT to Take Full Control of NTT Data Group

(Update 3) NTT to Take Full Control of NTT Data Group

NTT CEO Akira Shimada (left) and NTT Data Group CEO Yutaka Sasaki shake hands at a press conference in Tokyo on Thursday.
NTT CEO Akira Shimada (left) and NTT Data Group CEO Yutaka Sasaki shake hands at a press conference in Tokyo on Thursday.

   Tokyo, May 8 (Jiji Press)--Nippon Telegraph and Telephone Corp. said Thursday that it will take full control of NTT Data Group Corp., a publicly traded subsidiary that provides technology services to corporate clients.
   The Japanese telecommunications company, which already owns about 58 pct of NTT Data Group, plans to spend over 2.37 trillion yen to buy the rest of outstanding shares in the unit including through a tender offer.

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AFP-JIJI PRESS NEWS JOURNAL


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