Senior managers at Dimension Data are considering a buyout of some of the South African IT services company\u2019s operations from its owner, Nippon Telegraph & Telephone Corp., according to people familiar with the matter.<\/p>\n
The executives are approaching lenders and investors to raise cash for a possible deal for Dimension\u2019s 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.<\/p>\n
A transaction could lead to a re-listing of Dimension, the people said. If the approach is successful, Dimension\u2019s management would also take control of Internet Solutions, a Johannesburg-based provider of cloud hosting services, they said. The plans were first reported by TechCentral.<\/p>\n
Representatives for NTT and Dimension declined to comment.<\/p>\n
NTT is merging its various international technology businesses, including Dimension, under a new holding company to better serve global clients. This may encourage the former Japanese phone monopoly to agree to sell the Africa and Middle East operations, said the people.<\/p>\n
NTT bought then London and Johannesburg-listed Dimension for 2.1 billion pounds ($2.78 billion) in 2010 as part of a breakneck global acquisition spree that also included an expansion into the U.S. Dimension focuses on IT consulting and technical and support services.<\/p>\n
Senior managers at Dimension Data are considering a buyout of some of the South African IT services company\u2019s operations from its owner.<\/p>\n","protected":false},"author":341034,"featured_media":168495,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[19],"tags":[58048,1691,53215,5966],"class_list":["post-299550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-buyout","tag-dimension-data","tag-executives","tag-ntt"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/299550"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341034"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=299550"}],"version-history":[{"count":0,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/299550\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/168495"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=299550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=299550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=299550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}