KDDI and Tokyo Electric Announce Agreement on FTTH Business.Tokyo, Japan, Apr 6, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - KDDI Corporation and Tokyo Electric Power Company have today announced a mutual agreement to study the integration of TEPCO's Hikari Network Company's businesses with KDDI. This agreement is formed based on the comprehensive alliance in telecommunications services formed on 13th Oct 2005 between KDDI and TEPCO TEPCO Tokyo Electric Power Co. (Japan) and the findings of further discussions. The agreement specifically sets the end of September 2006 as a deadline to finalize discussions on issues such as analyses on the estimated value of Hikari Network Company's businesses, under the premise that Hikari Network Company's businesses will be integrated with KDDI by January 1, 2007. Through the integration with KDDI, KDDI and TEPCO will aim to form a stronger telecommunications service group. Under the comprehensive alliance, POWEREDCOM and KDDI will be merged from January 2006, while by June 2006, both companies intend to embark on fully developing the consolidated services in the FTTH (Fiber To The Home) See FTTP. business provided since November last year. About Tokyo Electric Power Co., Inc. Tokyo Electric Power Company, Incorporated (The) was established in 1951 and is Japan's largest electric power supplier. The company is based in the Tokyo metropolitan area and surrounding prefectures, operates one hundred and fifty seven hydroelectric power hydroelectric power: see power, electric; water power. hydroelectric power Electricity produced from generators driven by water turbines that convert the energy in falling or fast-flowing water to mechanical energy. plants, twenty nine thermal power plants and three nuclear power plants and supplies electricity to about 23.2 million households and 2.8 million commercial and industrial customers. One of the world's largest electric utilities, TEPCO has a generating capacity of 57,800 MW, produced by fossil fuel (56%), nuclear (30%), and hydroelectric (14%) power sources. Seeking diversity in the face of a reduced monopoly status caused by deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. , TEPCO is moving into communications. It owns a major stake in Tokyo Telecommunication Network (TTNet, local and long-distance phone service). TEPCO is in a telecommunications joint venture with nine other Japanese electric companies. About KDDI Corporation KDDI (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 9433) is a diversified telecommunication operator formed by the merger of DDI ddI and ddC: see AZT. , KDD KDD Knowledge Discovery and Data Mining (International Conference) KDD Knowledge Discovery in Databases KDD Kokusai Denshin Denwa (Japan) KDD Key Distribution Device and IDO Ido (ē`dō), short name of Esperandido, an artificial language that is a simplified version of Esperanto. See international language. in 2000, and is the only domestic company that provides both mobile communication service and broadband service. The number of subscribers to the mobile phone services under the au and TuKa brands is over 24 million, and fixed-line subscribers (MyLine) are approximately 9 million. The 73 KDDI group companies have more than 8,300 and turnover of 2,920 billion yen in 2005. At KDDI, aggressive improvement of the communications environment in preparation for the coming ubiquitous network society is underway and KDDI is aiming to become a "ubiquitous solution company" which provides high value-added solutions. For more information, please visit www.kddi.com. Source: KDDI Corporation Contact: Sarah Hall Japan Coporate News, for KDDI Corporation sarah@japancorp.net +81-3-5791-1821 Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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