Share
Monthly Archives:

  • NEC to Aquire 100% of Infrontia

    NEC Corp. said it would spend about 33.5 billion yen ($282 million) to gain full ownership of phone-making unit NEC Infrontia Corp. in its latest step to pool group resources and eliminate overlap. NEC, Japan’s third-largest electronics conglomerate which already owns 53.3 percent of NEC Infrontia, said on Thursday it would launch a tender offer for the remaining 58.9 million shares at 569 yen each, or an 18 percent premium from Thursday’s closing price. 

    The consolidation step comes after the Tokyo-based company earlier this year made two software subsidiaries, NEC Soft and NEC System Technologies, into wholly owned units. NEC will shift 200 of its engineers to NEC Infrontia to boost the number of employees developing Internet Protocol telephone systems at the unit to 1,000 by July 2006 in a bid to better compete with rivals such as Avaya Inc. and Cisco Systems Inc.

    Full Article Here

    Posted: 24 November 2005 | Filed: Sign of the Times, Wireless News | Feedback | Print |
Double Your Chances of Business Success in Japan

Servcorp Serviced Offices and Virtual Offices
Related Posts:
  • NEC to Develop Wireless IP Phones Based on Windows CE Running Intel Hardware

    • NEC Infrontia Corp. has announced plans to develop wireless IP phones based on Microsoft Windows CE operating system. The plan was announced today, in accordance with the technical cooperation...

  • Proxim and NEC Begin Deployment of Large Retail Wireless Network

    • Proxim Wireless Corporation, a global provider of broadband wireless equipment and subsidiary of Terabeam, Inc., today announced that it is supplying NEC Infrontia Corp., a leading manufacturer of key...

  • IPMobile Ownership Saga Continues

    • US telecom firm NextWave Wireless has apparently decided to sell its stake in IP Mobile, only one month after it became the majority shareholder, according to this announcement ...

  • NEC Expanding China 3G Sales

    • NEC Corp will launch infrastructure-related operations for China's 3G cellular phone market, the Nihon Keizai Shimbun reported, without citing sources. NEC is also expanding its cellular handset operation in...

  • IPMobile Files for Bankruptcy

    • IT Media is reporting that IPMobile applied to the Tokyo District Court for voluntary bankruptcy today. The article states that their wireless business license was returned to the Telecommunications...

    previous post: New 3G Phone Designed Just for Kids :: next post: KDDI Designing Studio Unveils Prototype Handsets