LONDON, January 17, 2011 /PRNewswire/ -- NTT Europe announced today that it will merge NTT Europe Online, its managed hosting subsidiary, into the company as another step towards becoming an ICT service provider.
NTT Europe's core business domain is currently providing ICT infrastructure, including a Global Tier 1 Internet backbone, secure private networks, data centre services, IT managed services and system integration.
NTT Europe Online has been operating alongside NTT Europe as a 100% owned subsidiary since October 2006, focusing primarily on managed hosting and related services, such as application management and security infrastructure. The merger will enable NTT Europe to strengthen one-stop service delivery and provide more comprehensive ICT solutions.
The transfer of business, staff and all other assets will take place country by country. Procedures have been completed in the first three countries, France, U.K. and Germany, with the Netherlands, Switzerland and Spain scheduled to follow shortly. After the transfers are completed in all countries, NTT Europe Online will be liquidated.
The merger of NTT Europe and NTT Europe Online is in line with the NTT Communications Group's strategy to accelerate international growth and become a true ICT solution provider.
About NTT Europe
NTT Europe is a wholly-owned subsidiary company of NTT Communications which is the global data and IP services arm of the Fortune Global 500 telecom leader, Nippon Telegraph & Telephone Corporation (NTT). NTT Europe is responsible for business in the EMEA market and provides a world-class Tier-1 Internet backbone, secure closed networks, security, system integration, network and application management, managed hosting and global content delivery services with partner companies globally. For additional information, please visit http://www.eu.ntt.com.
About NTT Communications Corporation
NTT Communications provides a broad range of global networks, management solutions and IT services to customers worldwide. The company is renowned for reliable, high-quality security, hosting, voice, data and IP services, as well as expertise in managed networks and leadership in IPv6 transit technology. NTT Communications' extensive infrastructure includes Arcstar(TM) Global IP-VPN and Global e-VLAN, as well as a Tier-1 IP Backbone reaching more than 150 countries in partnership with major Internet service providers, and secure data centres in Asia, North America and Europe. NTT Communications is the wholly-owned subsidiary of Nippon Telegraph and Telephone Corporation, one of the world's largest telecoms with listings on the Tokyo, London and New York stock exchanges. Please visit http://www.ntt.com.
SOURCE NTT Europe
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