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TOKYO, JAPAN --- NTT Communications Corporation (NTT Com) today announced that as of yesterday it has closed its tender offer for NTT Visual Communications Corporation (NTT Visual).
NTT Com’s board of directors approved the tender on November 30, 2007 and the company began acquiring NTT Visual shares on December 3. NTT Com expects to purchase a total of 1,375 share certificates, raising its ownership of all outstanding share certificates from 44.50% to 50.01%
To date, 13,152 share certificates have been applied; as a result, NTT Visual will be a consolidated subsidiary of NTT Com.
Information about the tender can be viewed at https://info.edinet.go.jp/EdiHtml/main.htm
Tender offer overview:
| 1.Outline of tender offer |
| (1) Official Name: |
NTT Visual Communications Corporation |
| (2) Type of Share Tendered: |
Common Stock |
| (3) Tender Offer Period: |
Monday, December 3, 2007 - Tuesday, March 4, 2008
(60 business days) |
| (4) Purchase Price: |
7,200 yen per share |
| 2.Results of tender offer |
| (1) Expected No. of Certificates to be Purchased: |
1,375 |
| (2) Share Certificates Applied: |
13,152
(97.23% of outstanding shares) |
| (3) Outstanding Shares to be Acquired by NTT Com: |
All certificates applied shares |
| 3.Status of NTT Visual after Share Purchase: |
Consolidated subsidiary of NTT Com. |
About NTT Com
NTT Communications Corporation (NTT Com) provides information and communications technology (ICT) solutions worldwide with dedicated professionals stationed in 21 countries. Renowned as an IPv6 technology pioneer and managed service expert, NTT Com offers diverse high-quality IP, Web-based, and managed network solutions combining network management, security, ubiquitous, Web portals/engines, and global services. Its world-class Tier 1 Internet backbone and secure closed networks with over 98,000 MPLS ports, combined with the networks of partner companies around the world, connect more than 200 countries. The company earned non-consolidated revenues exceeding one trillion yen (about US$1.2 billion) in fiscal 2006 ended March 31, 2007. NTT Com started as a long-distance phone company in 1999 after the reorganization of the NTT Group, and is the wholly-owned subsidiary of NTT, one of the world's largest telecommunications companies. NTT is listed in Japan, London and New York stock exchanges. Please visit www.ntt.com
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