NEC eyes commercial Internet market
- 27 April, 2001 15:10
NEC has launched a business solutions company - a spin-off of its voice and data division - focusing on Internet solutions for business, carriers and government.
NEC Business Solutions, a wholly-owned subsidiary, will focus on the data networking and convergent voice markets. It evolved as a result of NEC's reinvention of its core business in the past two years, NEC Australia's chief executive Ben Okamoto said. "Our business today revolves around providing [value-added] Internet-enabled and mobile solutions," he said.
The company has spent the last 12 months focusing on export and R&D in 3G mobile terminals, mobile satellites and ADSL technology.
NEC will also restructure itself into four units: public network solutions to providing solutions to carriers, mobile terminals, home electronics, and supercomputers.
NEC reportedly cut 17 local staff under the reorganisation.
Local executives were not available to elaborate on local investments in the subsidiary before press time.