H James -- thought you might be interested -- the future has jumped the pond -- the beginning of something important?
Tuesday April 6, 12:17 am Eastern Time
Toyota, Sony telecom JV to offer cut-rate service
TOKYO, April 6 (Reuters) - A telecom venture owned by Sony Corp , Toyota Motor Corp and Internet Initiative Japan (IIJ), will start offering data services at rates less than half those of Nippon Telegraph and Telephone Corp in late April, the firm
said on Tuesday.
The joint venture, Crosswave Communications Inc, will offer a 1.5 megabit data service connecting Tokyo and Osaka for about 600,000 yen a month, compared with 1.5 million yen currently charged by NTT, the company said.
The cut-rate service will be made possible by installing simple and cheap backbone networks especially geared to the Internet and data communications, it said.
A spokeswoman for Crosswave, which is owned 40 percent by Internet access provider IIJ and 30 percent each by Sony and Toyota, said it aims to post six billion yen in sales by March 2000. |
