BT is to formalise its 11-year relationship with Japanese telecomms supplier, Marubeni, by forming an expanded joint venture called BT Network Information Service (BT NIS).
Both companies have been operating as Network Information Service (NIS) since 1986, providing data services to the Japanese market. From 1 April BT?s share in NIS will increase from 36 per cent to 51 per cent, while Marubeni?s stake will fall to 31 per cent from 41 per cent. The balance will be owned by minority shareholders.
BT NIS aims to achieve revenues of $100 million in its first year. It already numbers 10,000 customers, 300 of which are among Japan's top 1,000. It will provide companies with the full range of domestic products and services already available, as well as direct access to products from BT's MCI joint venture Concert, such as international private line connections, Internet and Intranet access, videoconferencing and domestic frame relay.
The company?s executive management team will include John Jarvis as president and Satoshi Kaneda as chairman.
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