Japan’s NTT has launched NTT Ltd., a global technology services provider that combines the capabilities of 28 companies, including NTT Communications, Dimension Data and NTT Security.
The new NTT company is headquartered in London, employs around 40,000 people across over 70 countries and regions and is worth $11 billion, NTT says.
"We are excited to confirm that our global headquarters for NTT Ltd will be in London and that our commitment to the UK remains extremely strong,” said President and CEO, NTT Corporation, Jun Sawada.
He added, “We considered several locations as the headquarters for NTT Ltd and made a deliberate decision to choose London. It has many benefits, including a stable economy, wealth of skills and talent, diversity in population and thinking, strong infrastructure, schools, and housing for global talent moving to the city.
"In short, it's a great city to live and work in, and we're excited that we are making it the home for our new business.”
The new company already partners with over 10,000 clients around the world, including organisations related to financial services, pharmaceuticals, telecommunications, energy and utilities, manufacturing, automotive and technology.
NTT’s clients include Tour de France, ALMA, City of Las Vegas, Connected Conservation, ISPPC, Alcatel and NXP.
Chris Barnard, Vice President for Enterprise Infrastructure and Communications at IDC, said, "Organisations worldwide are increasingly looking to technology companies that can adapt and support them across a range of fast-moving challenges, societies, agriculture and manufacturing need fully integrated solutions that will help them harness the power of IoT, edge analytics and collaboration platforms.
"In coming together as one company, NTT is acknowledging this, giving them one single view across their organisation for better insights that will help them transform and benefit from change.
“Going forward, we will accelerate our execution as one NTT in order to contribute to a smarter and better world through digital transformation,” said Sawada.