Japans' NTT will acquire Dimension Data

rpm

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Japanese telecom giant NTT will acquire South African information technology firm Dimension Data for 2.1 billion British pounds (3.2 billion US dollars), both companies said in a statement Thursday.
 
any more info? Link? background on the companies involved?

Sorry, I'm too lazy to go and Google. :p
 
I hope this means a more aggressive stance regarding competition.

Will have to see what happens.
 
News article on Mail&Guardian
NTT on Wikipedia
Global Fortune 500, a list of the companies with the highest revenue worldwide. NTT currently sits at @ #31, which is very, very, very good.

This is such interesting news. The Japs are usually quite efficient with their management, and NTT has the funds to inject into the African market if they choose. We could see some big things happening with DiData. Or nothing.
 
This is big.

Hopefully NTT will not do to DD what the Tintana consortium did to Telkom.
 
Telco company buys DD in SA, hopefully now they'll kick-some-telkom-butt :)
 
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This is big.

Hopefully NTT will not do to DD what the Tintana consortium did to Telkom.

We can only hope. It seems that most overseas companies only want piece of the pie because of the potential profits (which get shipped back to the mother company).
 
As a DD employee, i'm just hoping this doesn't change the day to day working of the company!:(

You will have to start being very prompt. You will have to rotate desks with the other people at work as they will downsize office space. You will be expected to put in extra hours just to retain your job. Your leave will be reduced. You will always have to keep a very serious face during work. :D:D:D
 
You will have to start being very prompt. You will have to rotate desks with the other people at work as they will downsize office space. You will be expected to put in extra hours just to retain your job. Your leave will be reduced. You will always have to keep a very serious face during work. :D:D:D

And dont forget.. they need to fall on swords if they screw up! :D
 
I hope this doesn't affect employees and their jobs. The firm my mother works at was bought by a global Fortune 500 company a few years ago and she had to re-apply for her job. Fortunately she got it.
 
So a number of experienced executives resign from a local Telco with no real reason and a few weeks later a global Telco buys a (non-Telco) SA company.

Coincidence? ;)
 
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