NTT to set up international HQ in London

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NTT Group is planning on setting up a new company in London to manage the company’s overseas operations.

Though no official statement from NTT Group has been given the move is expected to take place in July. British Foreign Secretary Jeremy Hunt while visiting Tokyo met with senior management at NTT Group as well as Shinzo Abe, the Japanese Prime Minister.

NTT is said to be in the process of margining a number of its subsidiaries which includes NTT Communications, NTT Security and Dimension Data. Speaking to the FT, British government officials have confirmed that London is the location of choice for this newly formed entity.

“It’s clear Britain is the most attractive destination,” a source said. “The global financial hub, the tech triangle between Oxford, Cambridge and London, and the UK’s open society are all contributing factors.”

The company is also said to unveil its new branding and strategy for the combined company in July as well.

While NTT Group plans to move things into London, the likes of Nissan and Honda are cancelling their plans to produce more of their vehicles in the UK. There has also been talk of Toyota ending its production in the UK by 2023 if the UK leaves the EU without a deal.

Earlier this month, NTT Com, through its subsidiary e-shelter, launched Amsterdam 1 Data Centre (AMS1) its first facility in the country. AMS1 is now part of the powerful and scalable NTT Com's global data centre network and connectivity ecosystem. It becomes the 21st data centre in Europe being operated by NTT Com and marks its first campus in the Netherlands.