Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

NTT Com To Buy Virtela; To Acquire Approx. 80% Equity Interest In RagingWire

RELATED NEWS
Trade NTT now with 

NTT Communications Corp., the ICT solutions and international communications business within NTT (NTT: Quote), and Virtela Technology Services Incorporated, a global managed and cloud network services company, announced a definitive agreement under which NTT Com has agreed to wholly acquire Virtela for approximately $525 million. The acquisition expands NTT Com's global network services coverage from 160 to more than 190 countries/regions.

Virtela, a 400-employee company with global operations and delivery centers in the US, India and the Philippines, serves more than 500 customers worldwide. Virtela is headquartered in Denver, Colorado.

NTT Communications Corp. also announced it will acquire approximately 80% equity interest in RagingWire Data Centers, a provider of data center services in the United States, for $350 million. The acquisition follows a definitive agreement reached with RagingWire shareholders.

RagingWire has approximately 300 employees. NTT Com said the acquisition will more than double its data center space in the US. NTT Com will also deploy RagingWire's know-how and patented technologies for the design and operation of highly dependable, scalable and sophisticated data centers.

Register
To receive FREE breaking news email alerts for Nippon Telegraph And Telephone Corp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%. Here is a quick summary of the earnings reported after the bell on Nov. 24. 1. Amira Nature Foods Ltd (ANFI) reported net income for the second quarter of $8.3 million or $0.29 per share, compared to $5.0 million or $0.18 per share for the year-ago quarter. Excluding items, adjusted earnings...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.