Japan’s NTT Group to buy controlling stake in PHL's DTSI Group

NTT Communications of Japan will buy a 50.1-percent controlling stake in DTSI Group, a Philippine-based communications services company.   “The investment in DTSI, which has enabled over 60 percent of call center seats in the Philippines, will provide NTT Com a major foothold in the fast-growing IT-BPO industry in the country,” the Business Process Outsourcing Association of the Philippines (BPAP) said in a statement Tuesday.   NTT Communications is the partner DTSI requires to expand the company’s operations internationally, according to DTIS president and CEO Miguel Garcia.   “NTT… obviously has enormous resources that it will leverage to enable our company to serve other verticals not just here in the Philippines, but around the world,” added Garcia, who is also a trustee of BPAP.   Last year, the business process outsourcing industry grew 24 percent to more than $11 billion in revenue and almost 640,000 employees. The Philippines is the No. 1 provider of outsourced voice services in the world and No. 2 provider of complex, non-voice services.   NTT Communications is a wholly owned subsidiary of global telecom leader NTT Corporation, one of the world's largest providers of telecommunications services, with operating revenues of $130 billion for the fiscal year ended March 31, 2011. It employs 219,350 people worldwide. —VS, GMA News