Press release

NTT Group Increases Capital in NTT Global Data Centers Corp. to Further Strengthen Data Center Business

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NTT Communications Corporation (NTT Com), the ICT solutions and
international communications business within the NTT Group (TOKYO:9432),
NTT Urban Development Corporation, Nippon Telegraph and Telephone
Corporation (NTT Corporation), NTT Finance Corporation announced today
that it has increased its capital in NTT Global Data Centers Corporation
(NTT GDC), a subsidiary company handling centralized global
construction, management and equipment wholesales for NTT group data
centers. NTT GDC is capitalized at 1.25 billion JPY, of which 60% will
be had share by NTT Com. And three other NTT Group companies newly
acquired shares in NTT GDC, namely, NTT Urban Development Corporation
(20%), NTT Corporation (10%) and NTT Finance Corporation (10%), all as
of today.

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NTT GDC oversees investment and asset-ownership functions for data
center construction. Established last year, the company has increased
the NTT group’s capacity to respond to rising demand for data centers
and to further strengthen NTT Group’s data center businesses.

Going forward, these four companies will support NTT GDC in making
efficient and flexible investments as well as financing and supporting
operational systems related to data center business, aiming to achieve
globally standardized service specifications and centralized contract
management for global customers.

Tokyo-based NTT GDC is led by CEO Ryuichi Matsuo, concurrently the head
of Data Center Services for NTT Com.

Related link:
NTT Communications to Establish NTT Global Data
Centers Preparatory Corporation to Strengthen Data Center Business
(press release on November 6, 2018)