NTT To Buy South African IT Service Provider

Nippon Telegraph and Telephone Corporation(NTT), one of the largest global telecommunications service providers announced that it reached an agreement to buy Dimension Data Holdings Plc, a global specialist IT services and solution provider, for around 286 billion yen( $3.25 billion), launching a tender offer on the London Stock Exchange as early as next month. The acquisition will help NTT expand operations outside Japan.