NTT to launch new combined entity in July

NTT to launch new combined entity in July

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The international businesses of NTT Communications, Dimension Data and NTT Security is to be integrated into a new NTT-branded global operating company called NTT Ltd in July 2019.

Headquartered in London, the new operating company will deliver global managed IT services to its clients within the next two years.

Sitting on the company’s board is Tsunehisa Okuno, executive vice president, head of global business, NTT; Jason Goodall, group chief executive officer, Dimension Data and Masaaki Moribayashi, senior executive vice president, NTT Communications. In addition, David Sherriffs, chief financial officer, Dimension Data; Rory Scott, independent non-executive director, Dimension Data; and Vab Goel, general partner, NTT Venture Capital will also join though this list is still in the process of being finalised.

Leading this newly combined entity is Jason Goodall who has been tentatively named as CEO. Goodall has served as group chief executive officer of Dimension Data since 2016, before this he held the position of chief operating officer and prior to this was managing director of Dimension Data Middle East and Africa.

Based on the combined FY2018 performance of the combined companies, NTT Ltd is forecast to generate close to $11 billion in its first year and will have at its disposal 40,000 employees operating across 57 countries.

The details were confirmed during parent company, NTT Group’s financial year report earlier this month. At the time the time, the company also announced plans to launch a new smart energy business called NTT Anode Energy in June. Additionally, the firm also has plans to establish a new Medical Science Business leveraging the company’s data analysis and security technology to build a healthcare recommendation business that contributes to health promotion.

Capacity reported on NTT Group’s plan to set up a new company in London when sources speaking to the FT commented, “its clear Britain is the most attractive destination. The global financial hub, the tech triangle between Oxford, Cambridge and London, and the UK’s open society are all contributing factors.”

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