The sale of SA’s Dimension Data to Japan’s Nippon Telegraph and Telephone Corp (NTT) has received approval from the Competition Commission. The Commission has referred the deal to the Competition Tribunal and has recommended the deal go through without conditions.
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The proposed acquisition by Japan’s Nippon Telegraph and Telephone Corp (NTT) of Dimension Data will give the SA-headquartered IT group’s Internet Solutions (IS) division access to one of the world’s largest telecommunications companies. IS MD Derek Wilcocks, reacting to the news of the proposed R24,4bn all-cash deal, says it’s “incredibly positive” for IS as it will make the Didata unit part of one of the “strongest global networks, with data centres around the world”.