NTTYY Nippon Telegraph and Telephone Corporation (PK)

TOKYO—Japan's largest telecommunications group, Nippon Telegraph & Telephone Corp., is in negotiations to purchase Perot Systems, the information-technology consulting division of Dell Inc., for several billion dollars, people familiar with the matter said Tuesday.

If the deal goes through, it would be one of NTT's largest overseas investments in recent years. The company, whose operations span fixed-line and mobile telecommunications as well as IT services, has been striving to increase its overseas presence because it faces limited growth prospects at home.

Japan's Nikkei newspaper reported earlier Tuesday that NTT was nearing a deal for the Dell division.

A person familiar with the matter said the situation was still fluid and the price and scope of the acquisition have yet to be decided.

Perot Systems was founded by former U.S. presidential candidate Ross Perot and sold in 2009 to Dell for $3.9 billion. Dell is in the midst of acquiring storage vendor EMC Corp. for tens of billions of dollars, and a potential sale of Perot Systems could raise cash to help finance the EMC deal.

The NTT group includes Japan's biggest mobile carrier, NTT DoCoMo Inc. The group hopes to raise the overseas portion of its revenue to around $22 billion by the year ending March 2018 from around $15 billion in the last fiscal year.

In 2010, it acquired South African IT firm Dimension Data Holdings PLC for $3.2 billion and U.S. IT services firm Keane Inc. for an estimated $1.4 billion.

Write to Alexander Martin at alexander.martin@wsj.com

(END) Dow Jones Newswires

March 08, 2016 03:55 ET (08:55 GMT)

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