New Internet service provider 'NEC Biglobe' lunch in Japan
TOKYO - Japanese systems integrator NEC Corp. has started a sales process for its Internet service provider NEC BIGLOBE expected to tens of billions of yen ( hundreds of millions of dollars ) to download, sources familiar with the situation said Thursday .
The first licensing round for a potential buyer will be held as early as November, sources said.
NEC had no immediate comment.
BIGLOBE , which claims 3 million users and is one of Japan's leading Internet service providers , revenue 84.1 billion yen ( $ 865.27 million ) in the last year to March.
Financially strapped NEC is focused on the integration of business systems and shed unprofitable activities , striving for a turnaround in its fortunes after posting a loss 110000000000 yen two years ago.
It has its personal computer operations into a single company controlling interest Lenovo Group Ltd. in July and plan to relax its smartphone business , reduce operational synergies with its ISP announced arm.
($ 1 = 97.1950 Japanese yen )
TOKYO - Japanese systems integrator NEC Corp. has started a sales process for its Internet service provider NEC BIGLOBE expected to tens of billions of yen ( hundreds of millions of dollars ) to download, sources familiar with the situation said Thursday .
The first licensing round for a potential buyer will be held as early as November, sources said.
NEC had no immediate comment.
BIGLOBE , which claims 3 million users and is one of Japan's leading Internet service providers , revenue 84.1 billion yen ( $ 865.27 million ) in the last year to March.
Financially strapped NEC is focused on the integration of business systems and shed unprofitable activities , striving for a turnaround in its fortunes after posting a loss 110000000000 yen two years ago.
It has its personal computer operations into a single company controlling interest Lenovo Group Ltd. in July and plan to relax its smartphone business , reduce operational synergies with its ISP announced arm.
($ 1 = 97.1950 Japanese yen )
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