April 10, 2020

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NTT makes Dimension Data offer

by Stuart Wilson, Thursday 15 July 2010

Japan-based global telecoms service provider NTT has tabled a US$3.22 billion cash offer for IT services and solutions provider Dimension Data. The bid has been unanimously recommended by both boards of directors. NTT has already received irrevocable undertakings to accept the bid from Dimension Data directors, Venfin DDHoldings and Allan Gray – together accounting for approximately 52% of Dimension Data’s issued shares.

Satoshi Miura, president and CEO at NTT said: “We are delighted that the board of directors of Dimension Data has unanimously agreed to support our offer for Dimension Data. By leveraging the complementary strengths of both companies, we are confident that we will provide end-to-end, global-one-stop and high quality ICT services. Dimension Data and NTT share the common vision to create new services and values to succeed in the coming age of cloud computing.”

“Our combined strength will allow us to accelerate execution of our strategies to achieve our shared vision. We have established a strong relationship between the management of Dimension Data and that of NTT. We are looking forward to welcoming the management and employees of Dimension Data to the enlarged NTT Group,” Miura added.

Jeremy Ord, executive chairman at Dimension Data, stated: “Together, NTT and Dimension Data define a new industry standard for IT service quality, delivery, and support. NTT’s network carrier capabilities and assets coupled with Dimension Data’s global system integrator expertise create an incredibly powerful and unprecedented combination of capabilities and skills. The combined companies will hold a strong competitive position serving global corporations’ moving to managed infrastructure services and cloud computing.”

Ord added: “We believe our alliance with NTT will now allow Dimension Data to accelerate the execution of our medium and long-term strategy at a rapid pace. NTT and Dimension Data have a shared vision of how the market will evolve. The combination of NTT’s global resources and Dimension Data’s system integrator capabilities is an extremely powerful combination.”

Brett Dawson, CEO at Dimension Data, commented: “NTT recognises the value of Dimension Data’s entrepreneurial culture and business model; our operational processes, brands, and methodologies will all remain. NTT provides a world class, IT and communications platform globally while Dimension Data brings expertise and capabilities in specialist managed IT infrastructure and services. We are very excited to begin collaborating with NTT to expand and deliver this joint value to our clients.”

Rationale

NTT reckons that the activities of the two companies complement each other. NTT has developed its business globally with a central focus on managed network services, data centres, system integration and mobile services. Dimension Data focuses on the development, operation and maintenance of IT infrastructure, including network devices and servers at the clients’ site.

Both companies already cover Asia, Europe and the USA with their operations. In addition, Dimension Data offers NTT significant access to the Australian market and the emerging Middle East and Africa region. In a joint release announcing the deal, the two companies declared: “Dimension Data and NTT will become a one-stop provider of a broad and high-quality end-to-end total ICT services offering.”

The two companies also reckon that the rise of cloud computing will lead to ’revolutionary change’ in the ICT industry. They claim that the deal broadens their horizons and will allow them to develop and provide total ICT services compatible with the age of cloud computing.


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