NTT Communications Corporation (NTT Com), the ICT solutions and
international communications business within NTT NTT, and Virtela
Technology Services Incorporated (Virtela), a leading global managed and
cloud network services company, announced today that NTT Com and
Virtela's shareholders have entered into a definitive agreement under
which NTT Com has agreed to wholly acquire Virtela for a total
transaction price of approximately $525 million (USD) in cash.
Combining Virtela's advanced service/operational platforms and expertise
with NTT Com's global ICT infrastructure and resources creates an
unparalleled company able to deliver cloud networking services,
asset-light branch office networking, a Tier-1 IP backbone and
end-to-end cloud compute, storage and network
See full press release
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