NTT Group opens R&D center, NTTi3, in Silicon Valley – $3.5Bn annual global spend & largest telecom by revenue http://bit.ly/17kL9Sd
Japanese telecommunications giant NTT Group has opened a new research and innovation center in Silicon Valley. The new research arm is called the NTT Innovation Institute, or NTTi3, and will led by chief executive Srini Koushik, who formerly worked as the CIO of Nationwide and a senior executive at IBM. New chief technology officer Mayan Mathen is a former CTO with Dimension Data.
To accelerate its international growth, the NTT Group has been spending $3.5 billion a year on research and development. The company has 220,000 employees around the world, and generates more revenue than any other telecom company. Full article via VentureBeat.