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NTT supports pursuit of M&As in U.S. cloud computing sector

JIJI

NTT Corp. President Hiroo Unoura says he will pursue mergers and acquisitions of cloud computing-related companies in the United States.

By promoting M&As, and development, at a new research institute in Silicon Valley, the telecommunications giant hopes to achieve ¥2 trillion in overseas sales in fiscal 2016, up sharply from ¥954.1 billion in fiscal 2012, Unoura said in an interview in San Francisco.

NTT plans to expand its cloud computing operations in North America and emerging economies by utilizing a South African information systems company it acquired in 2010, he said.

“To meet the wide range of customer needs in the cloud computing business, we will continue with M&As and tie-ups,” he said.

Unoura is also eager to expand NTT’s data center business, already the world’s second-largest.

“We plan to increase the number of data centers through M&As and other means,” he said.

Although there are many strong rivals in the cloud computing business, including Amazon.com Inc., Unoura is confident NTT will attract new customers.

“Cloud computing services are still changing. We can provide high-value-added services in security and other areas using the strength of the NTT group,” he said.