Japan Telecom, Nissan, AirTouch to Form Phone Unit, Nikkei Says
Bloomberg News
November 28, 1998, 10:51 p.m. PT
Tokyo, Nov. 29 (Bloomberg) -- Japan Telecom Co., Nissan
Motor Co., and AirTouch Communications Inc. of the U.S. agreed to
form a joint venture to develop and sell high-performance
cellular phones in Japan, the Asahi newspaper reported, without
citing sources. Japan Telecom will take the largest stake in a
company formed under the venture, which initially will be
capitalized at 200 million yen ($1.6 million). The three
companies will seek more partners in the business, as they need
more than 600 billion yen to operate the company, the newspaper
said.
Japan Telecom is developing a new cellular phone standard
called W-CDMA, or Wideband-Code Division Multiple Access, which
it says will allow high-capacity data transfers and clearer voice
transmission.
(Asahi, 11/29. p.9)
--Junko Fujita in the Tokyo newsroom (813) 3201-8211 /dm
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