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NTT Data Teaming Up With Toyota for Overseas Connected-Cars Push

  • Telecoms unit considering deals with $3 billion war chest
  • Goal is to accelerate efforts to collect and share car data
A Toyota e-Palette vehicle during the Tokyo Olympic Games.
A Toyota e-Palette vehicle during the Tokyo Olympic Games.Photographer: Kiyoshi Ota/Bloomberg

Nippon Telegraph & Telephone Corp.’s data subsidiary is joining forces with Toyota Motor Corp. to develop connected cars that can collect and share data.

NTT Data Corp. will actively consider mergers and acquisitions to accelerate a push into overseas markets, Yo Honma, the networking and data subsidiary’s chief executive officer, said in an interview. Honma sees the company spending as much as 400 billion yen ($3 billion) for deals over the next four years.