AT&T Completes Divestiture of Japan Domestic Network Operations to Internet Initiative Japan
AT&T committed to serving multinational corporations in Japan Tokyo, Japan, September 01, 2010
AT&T* today announced that it has completed the sale of its domestic Japanese outsourcing services operations to Internet Initiative Japan Inc. (NASDAQ:IIJI). The companies originally announced the transaction in June 2010. As part of the sale, AT&T will transfer approximately 1,600 domestic Japanese business customers and approximately 245 employees who support those customers to IIJ.
AT&T remains committed to serving multinational corporations (MNCs) with operations in Japan and offers a robust portfolio of services including managed global connectivity, hosting, mobile enterprise applications, cloud computing, application management, security, Telepresence and unified communications. AT&T's strong presence in Japan includes substantial operations and employees to support the domestic Japanese AT&T Global Network infrastructure, which includes four global network service nodes, remote access infrastructure for corporate clients, an Internet Data Centre and significant international subsea cable capacity.
"Japan is an important market for AT&T, and we are focused on providing a world-class level of service to our multinational customers with a presence there," said Bernard Yee, vice president AT&T Asia Pacific.
AT&T intends to continue to sell domestic telecommunication services, including IIJ products, to the MNCs it serves that have operations in Japan. And IIJ intends to purchase global connectivity services from AT&T to support its Japan-based customers' global communications needs.
The sale price is approximately ¥9.2 billion, or approximately US$109 million, based on the exchange rate on August 31, 2010. AT&T has also exercised a call option on NTT's 15-percent stake in AT&T Japan.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates - AT&T operating companies - are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest mobile broadband network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services. A leader in mobile broadband, AT&T also offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&T U-verse® and AT&T |DIRECTV brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising. In 2010, AT&T again ranked among the 50 Most Admired Companies by FORTUNE® magazine.
Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com. This AT&T news release and other announcements are available at http://www.att.com/newsroom and as part of an RSS feed at www.att.com/rss. Or follow our news on Twitter at @ATTNews. Find us on Facebook at www.Facebook.com/ATT to discover more about our consumer and wireless services or at www.Facebook.com/ATTSmallBiz to discover more about our small business services.
© 2010 AT&T Intellectual Property. All rights reserved. Mobile broadband service not available in all areas. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.
Posted: September 1, 2010
More Latest News »