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Japan's NTT pays US$875m for two US cloud computing firms

Tue, Oct 29, 2013 - 6:00 AM

[TOKYO] NTT Communications said yesterday that it would pay a combined US$875 million for two US-based cloud computing firms, marking the latest major overseas acquisition by a Japanese firm.

The telecoms giant said that it had agreed to buy Virtela for US$525 million, while it would...

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