The Associated Press June 1, 2010, 7:23AM ET

AT&T sells Japanese unit for $100M

Telecommunications giant AT&T said Tuesday that it would sell a portion of its Japanese operations to Internet Initiative Japan Inc. for $100 million.

The unit, which focuses mostly on outsourcing services, includes 1,600 Japanese business customers and has 250 employees.

AT&T said it would continue the rest of its Japanese business segments, including its network infrastructure, hosting, mobile enterprise applications, cloud computing, security and other operations.

"We intend to maintain a strong presence in Japan, but it makes strategic sense for us to sell our domestic customer base and supporting operations in Japan to IIJ," Bernard Yee, vice president AT&T Asia Pacific, said in a statement. "The sale will enable AT&T to focus on its core strength -- providing global managed connectivity and application services to multinational corporations that operate on a global basis."

The deal is expected to be completed by Sept. 1.


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