NTT has integrated its three India units — NTT, NTT Communications, and NTT-Netmagic — into one entity from this Jan to focus on the data centre space where it is the market leader. The company is getting 75% of its $ 2 bn promised investment to 2X its capacity to 2.5 mn sqft. The investment aims to drive data centres, networks and solar projects over the next three years. India office employs over 6,500, said CEO Sharad Sanghi, and added that the integration did not lead to any firing.
Japanese tech giant NTT is merging three infrastructure-focused Indian companies to enhance revenue by up to 20%. NTT has planned over $2 billion of investments for the next 4 years under the leadership of Sharad Sanghi of the data centres-focused Netmagic. NTT India has the largest topline among the three businesses and growing at a clip of about 20% per year, while Netmagic is the fastest growing at 30% per year.
Japanese technology firm NTT said it would invest about $2B over the next 4 years to expand its data entre business in India. NTT’s Global Data Centre division launched a new data centre in Mumbai, expanding its capacity in the country by 30%. The Mumbai 7 Data Centre has 375K sqft of co-location space and will offer 5K racks and over 30MW of load capacity. The company will also invest the funds in new solar power projects in India.
NTT assessed over 808K network devices in five regions and reported that 47.9% of global organisations’ network infra were obsolete in 2019. Tech firms said that are early adopters of new technology stood second (59.6%) after the public sector (61.7%) followed by Healthcare (52.5%), energy and utilities (51.9%), and retail and wholesale (49.1%). Obsolete devices worsen the security vulnerabilities caused by open networks in co-working spaces.