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AT&T Completes Divestiture of Japan Domestic Network Operations to Internet Initiative Japan

^{Published on 2010-09-01 01:00:49 - Market Wire}
 

TOKYO--([ BUSINESS WIRE ])--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.

"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"

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&Ta™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.

aJapan 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,a 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 customersa™ 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 NTTa™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.

About AT&T

AT&T Inc. (NYSE:T) is a premier communications holding company. Its subsidiaries and affiliates a" AT&T operating companies a" 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 nationa™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 a"'DIRECTV brands. The companya™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.

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