NTT Corp. to acquire remaining stake in NTT Data for $15.2Bn
TOKYO, JAPAN — NTT Corporation, Japan’s telecom giant, announced it will acquire the remaining 42.3% stake in NTT Data Group Corp. for ¥2.37 trillion (approximately $15.2 billion), making the IT services firm a wholly owned subsidiary.
The move aims to streamline governance and accelerate NTT Data’s expansion, especially in artificial intelligence and global infrastructure.
The tender offer, which began on May 9 and runs through June 19, 2025, will see NTT purchase 592.8 million shares at ¥4,000 ($27) apiece. The transaction will take NTT Data private and end its listing on the Tokyo Stock Exchange.
NTT Corp. President and CEO Akira Shimada cited the need to resolve governance issues and streamline decision-making as primary drivers for the acquisition. Shimada emphasized that the new structure will allow “better accountability and smoother allocation of management resources.”
Strategic realignment to tackle global competition
The acquisition follows NTT’s 2022 restructuring, which made NTT Data the group’s central platform for international IT solutions. However, the dual-listing structure and overlapping capital governance created friction in resource allocation and delayed major initiatives, particularly those involving rising demand from generative AI.
NTT Data offers IT solutions, consulting, and data center services across multiple industries including finance, healthcare, and smart cities. The firm’s presence spans over 20 countries, with strong footprints in Latin America, especially Brazil, Argentina, and Chile, and major operations across APAC, South Asia, North America, and EMEA. It operates more than 150 data centers, including seven in the United States.
Focus on AI, data centers, and U.S. expansion
NTT said the deal will unlock new opportunities to scale AI-driven services and strengthen infrastructure in key regions like North America. The company also plans to leverage the combined group’s cash flow and financing strength to ramp up investments.
“As technology continues to evolve, the needs of businesses and society are becoming increasingly diverse and sophisticated, heightening the importance of IT services that can effectively address these demands,” the company stated in its release.
“As a result, the Target Company (NTT Data) expects that the demand for IT services providers including itself will continue expanding steadily in the future.”
The acquisition will be financed through bridge loans from five Japanese banks, which will later be replaced with long-term funding.
