Monday, October 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Biostar Relases New iDEQ-T1 Compact Desktop
SK Telecom and Samsung Join Hands to Lead 5G Network Technology
Pantech Applied for Bankruptcy Protection In The US
Glonbalfoundries Buy IBM's Micorelectronics Business
Microsoft To Launch A Wearable Device Soon
FCC To Explore High-frequency Wireless Technologies
Mozilla Hello Offers Voice and Video Calls Through The Browser
Samsung Adds Intel Processor To Chromebook 2
Active Discussions
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
 Home > News > General Computing > NEC to ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, November 29, 2005
NEC to Take Majority Stake in Philips Unit


Philips Electronics NV said on Monday Japan's NEC will take a 60 percent stake in Philips' Business Communications unit (PBC), which the Dutch firm had been planning to sell.

The agreement involves all of PBC's activities and businesses in Europe, the Middle East and Africa, with a total workforce of about 900 people, Philips said. The new company will be named "NEC Philips Unified Solutions". Upon completion of the transaction, NEC will hold 60% and Philips 40% of shares.

By combining NEC's strong technology base and market position in Japan and North America, with Philips' strong market presence in Europe, NEC Philips Unified Solutions plans to strengthen its position in Europe.

Philips and NEC have been cooperating closely since 2003 in a strategic partnership to jointly develop and deploy IP technology in enterprise communications.

Kazuo Tsuzuki, Associate Senior Vice President of NEC's Enterprise Solutions Operations stated: "This joint venture will strengthen NEC's global position in the telecom market and we are expecting to grow sales of UNIVERGE solutions to the global customers on top of the continued sales of the Philips portfolio. It will support NEC's growth ambition by using the strong market position of PBC in the European enterprise communications market. "

Commenting on the agreement, Harrie Brunklaus, CEO of Philips Corporate Investments said: "The combined strengths of NEC and Philips will offer NEC Philips Unified Solutions unique opportunities in developing a powerful portfolio of solutions and services, extending market reach and share of the business communications market in Europe".

Philips said it expected the deal, which is still subject to regulatory approval, to be completed in the second quarter of 2006.


Previous
Next
Global Recordable DVD Demand Grows Sharply to 3.6 Billion Discs in 2005        All News        Sony PSP Gets Support For WMA
Intel's Fashionable Laptop PC     General Computing News      Kazaa Forced to Block Search Terms

Get RSS feed Easy Print E-Mail this Message

Related News
NEC Technology Helps Take Less Stressful Blood Pressure Measurements
Philips 272G5DYEB 27-Inch G-SYNC Monitor launching Soon
Philips to Appeal $467 Million Patent Infringement Lawsuit
Philips Expands Its Series Of Ultra HD TVs Powered by Android
New Philips Hue Beyond Combines Functionality And Ambient Lighting for Home
Samsung, Intel, Dell, Boradcom Team Up On Standards For Internet of Things
Philips to Create New Lumileds and Automotive Lighting Businesses Company
Philips and Salesforce.com To Deliver Cloud-based Healthcare Information Technology
EU To Fine Philips, Infineon And Samsung
Philips to Sell WOOX Innovations to Gibson
NEC Releases Face-authentication Software For PCs
Microsoft Reveals Kinect for Windows v2

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .