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.
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