3 JAPAN-BASED TECHNOLOGY FIRMS TO MERGE, CREATE WIRELESS COMMUNICATIONS CONGOMERATE
TOKYO
Kokusai Electric Co. Ltd., Hitachi Denshi Ltd. and Yagi Antenna Co. Ltd. have signed a memorandum of merger under which the three companies agree to be equal parties in the merger to take place on Oct. 1. The new company, provisionally named Hitachi Kokusai Electric Inc., will provide complete continuity with respect to the existing business operations of the three companies, providing all customers with full support. At the same time, the consolidation of operations and the concentration of the companies’ extensive wireless communications technologies will be used to develop business and customers in new sectors.
In the information and communications industry sectors, advances in mobile communications technology, IP network growth, the advent of digital broadcasting, the convergence of communications and broadcasting, and the trend toward deregulation are all helping to generate the rapid expansion of new markets.
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