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Strategies & Market Trends : Making Money is Main Objective

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To: Softechie who started this subject	7/18/2001 8:58:44 AM
From: Softechie	of 2155

KDDI, Williams Commun In Comprehensive Business Tie-Up 18 Jul 04:45 TOKYO (Dow Jones)--KDDI Corp. (J.KDD or 9433) said Wednesday it and Williams Communications Group Inc. (WCG) of the U.S. have formed a comprehensive tie to allow mutual use of each other's services in Japan and to jointly develop new services and businesses. Under the deal, KDDI will offer global solutions such as data, audio and video applications by using Williams' network resources. Williams Communications will be able to tap KDDI's network resources to expand the service coverage area for its customers. Given Williams' huge fiber-optic network of over 40,000 miles and the company's knowledge in the broadband field, KDDI said it will be able to develop and deliver video content suited for the global broadband market. Japan's second-largest telecom company also said it and Williams Communications will jointly develop other services such as Internet protocol services, and will consider joint development of data center businesses. KDDI shares ended down 2.8% Wednesday on the Tokyo Stock Exchange. The Nikkei shed 2% to 11892.58. (END) DOW JONES NEWS 07-18-01 04:45 AM

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