Asia Express - Data Communications
NTT Comm Expands US Footprint by Gaining Two Cloud Computing Firms for $US880 Million
October 30, 2013

NTT Communications Corp. announced that it will take over the reins of two US cloud computing firms, Virtela Technology Services and RagingWire Data Centers, for an overall investment of $85.5 billion Yen (US$880 million; US$1 = 97.3400 Yen), as reported by Reuters on October 28. After the transaction is completed, Virtela will become NTT Comm's 100% owned subsidiary, providing communications services to enterprise clients. NTT Comm also expects to expand its data center presence in the United States by gaining an 80% stake in RagingWire for US$350 million. 


In related news, NTT Comm's competitor SoftBank concluded a US$20-billion deal to buy US wireless service provider Sprint earlier this year - Japan's largest overseas acquisition so far.

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