[May 24, 2012] NTT Communications to acquire 50.1% stake in Freedom Resources (DTSI Group) Tweet May 24, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- NTT Communications Corporations (NTT Com), a Japan-based a telecommunications company, has reached a basic agreement on a capital tie-up with the Diversified Technology Solutions International (DTSI Group) group under which NTT Com will acquire a 50.1% stake in Freedom Resources Holdings Corporation, the holding company of the DTSI Group. DTSI is a Philippines-based services provider to the IT-BPO industry. Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Announced: 2012-05-24 Deal Participants Target (Company) Freedom Resources Holdings Corporation Acquirer (Company) NTT Communications Corporation Deal Rationale Through this acquisition, NTT expects to strengthen its contact center capabilities in the Philippines by creating operational synergies with DTSI Group, including by leveraging their respective customer bases. % Acquisition 50.1% [ Back To TMCnet.com's Homepage ]