Bloomberg's take on Tepco pullout. Notice that a Tepco spokesman denied the report.:
quote.bloomberg.com
TEPCO to Pull Out of Softbank, Microsoft Venture, Yomiuri Says
By Hiroshi Suzuki
Tokyo, March 8 (Bloomberg) -- Tokyo Electric Power Co.,
Japan's biggest utility and which supplies power to the Tokyo
area, will withdraw from an Internet joint venture set up by
Softbank Corp. and Microsoft Corp., the Yomiuri newspaper
reported, citing without sources. The venture, SpeedNet, is
expected to approve the withdrawal of TEPCO at its board meeting
late this month and to decide a delay in the timing of scheduled
start of its fixed-charge Internet access service. There is a high
possibility of the joint venture itself to be liquidated, the
paper said.
A TEPCO spokesman denied the Yomiuri report.
(Yomiuri, 3/8, p8)
To access the Yomiuri Web site, type DYOL |
