Jamie McKane
MyBroadband Journalist
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Dimension Data executives considering buyout from NTT
Senior managers at Dimension Data are considering a buyout of some of the South African IT services company’s operations from its owner, Nippon Telegraph & Telephone Corp., according to people familiar with the matter.
The executives are approaching lenders and investors to raise cash for a possible deal for Dimension’s Africa and Middle East operations, which could be valued at about $800 million, said the people, asking not to be identified because the deliberations are confidential.
[Bloomberg]
Senior managers at Dimension Data are considering a buyout of some of the South African IT services company’s operations from its owner, Nippon Telegraph & Telephone Corp., according to people familiar with the matter.
The executives are approaching lenders and investors to raise cash for a possible deal for Dimension’s Africa and Middle East operations, which could be valued at about $800 million, said the people, asking not to be identified because the deliberations are confidential.
[Bloomberg]
