NTT and NTT Data Reshuffle the Deckchairs and Everyone "Wins"

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403 Views, 09 May 2022 17:01

EXECUTIVE SUMMARY

NTT (Nippon Telegraph & Telephone) (9432 JP) and NTT Data Corp (9613 JP) this morning announced a 1pm joint presser. Imaginations ran wild and NTT went up 12+%.
The reality is more subdued (as it should have been for a during-market-hours-presser) and it involves a restructuring of a small NTT subsidiary which happens to own NTT Data shares.
But it is still positive. It is something of a win-win for both parties.

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