Japan Telecom, Japan Telecom IDC to Merge in July
Posted on: Thursday, 12 May 2005, 12:00 CDT
May 12--TOKYO -- Japan Telecom Co., a fixed-line telephone operator, and its subsidiary Japan Telecom IDC Inc. will merge on July 1 to streamline operations within the Softbank Corp. group, the two companies said Thursday.
The parent company will be the surviving entity in the deal.
Japan Telecom IDC used to be a unit of Cable & Wireless PLC of Britain and was taken over by Softbank in February.
-----
To see more of Kyodo News International, go to http://www.kyodonews.com
Copyright (c) 2005, Kyodo News International, Tokyo
Distributed by Knight Ridder/Tribune Business News.
For information on republishing this content, contact us at (800) 661-2511 (U.S.), (213) 237-4914 (worldwide), fax (213) 237-6515, or e-mail reprints@krtinfo.com.
SFTBF, 9984, CWP, CW,
Source: Kyodo News International, Tokyo
Related Articles
- Japan Telecom Co. Names Former Sprint Chief William T. Esrey Chairman
- Japan Telecom Teams Up with U.S. Investment Fund to Challenge Bigger Rivals
- U.S. fund to buy Japan Telecom's fixed-line unit
- (Update) Japan Telecom Hldgs to Sell Fixed-Line Unit to Ripplewood
- U.S. Investment Firm Ripplewood to Acquire Japan Telecom
- U.S. Investment Fund Ripplewood Formally Decides to Buy Japan Telecom Co.
- Japan Telecom, China Telecom to Offer IP-VPN Service
- Japan Telecom, C&W IDC Will Not Take NTT Case to WTO
- Japan Telecom Holdings Co. to Make Decision on Sale in One Month
- Japan Telecom Talks With U.S. Group
 |
 |
User Comments (0)
RSS Feeds