NTT buying up last DiData shares

Nippon Telegraph & Telephone (NTT), which acquired systems integrator Dimension Data in July for £2.1bn,is pushing ahead with the purchase of the last few remaining shares in the company. This follows the expiry of a six-week period for the compulsory acquisition.

Nippon Telegraph & Telephone (NTT), which acquired systems integrator Dimension Data in July for £2.1bn, is pushing ahead with the purchase of the last few remaining shares in the company.

This follows the expiry of a six-week period for the compulsory acquisition. DiData's shares are set to be de-listed on Tuesday 14 December.

NTT hopes to use DiData to expand its global reach, particularly in the Cisco channel where DiData is a key partner, and MicroScope understands it is keen to get more involved in the European market.

NTT also owns security services provider Integralis, which it bought in June 2009, and is already looking for cross-selling opportunities between the two firms.

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