The international arm of Japanese telecommunications firm NTT Group, NTT, has just announced that it will be making Singapore its Asia-Pacific head office.
As a quick background, the S$142 billion NTT Group is headquartered in Tokyo, Japan, and is the fourth largest telecommunications company in the world in terms of revenue.
NTT is the international arm of the parent company, and brings together 28 units from 57 countries into a single entity.
This move will help the group focus on “taking its services to market more effectively”, and comes as the result of the company’s intention to place greater emphasis on its managed services business over the next five years.
According to Mr John Lombard, chief executive of NTT’s business in the Asia-Pacific excluding Japan and Australia, there is an aim to have the managed services business represent 50% of NTT’s portfolio by 2023.
He added, in an interview with The Straits Times, that they are seeing “a lot of investment” coming from Singapore and other ASEAN countries.
“We certainly expect that to continue, with analyst forecasts suggesting that this will be one of the fastest-growing regions.”
He also revealed that NTT has been growing at “double-digit plus” levels in APAC.
Looking To Hire In Singapore
NTT currently has around 12,000 employees in APAC, and there are around 2,000 working at NTT entities in Singapore.
Out of this group, about 80% are working in IT-related roles.
In terms of hiring, NTT also currently hires “up to 300 staff” yearly, and is currently “looking for talent in the areas of robotic process automation and cybersecurity”.