The $108 billion Japanese giant vying with Telstra for Versent

According to The Australian Financial Review, it’s by no means a lay-down misère for telco behemoth Telstra as it prepares to submit a binding offer for Versent, the cybersecurity play on the market via Goldman Sachs.
Street Talk can reveal Japan’s NTT, one of the world’s largest telecoms groups, is through to the second round of the auction and has engaged local investment bank Jefferies for help with diligence, funding and deal structure.
NTT, which has more than 330,000 employees in over 80 countries, shapes as a major obstacle to Telstra in its bid to become a full -service cybersecurity and technology player. The Japanese group makes $108 billion in revenue; services more than 75 of the Fortune Global 100 clients; and is one of the five biggest global IT services providers.

https://www.afr.com/street-talk/meet-telstra-s-advisory-line-up-for-versent-tilt-20230910-p5e3i9