NEC, CASIO, Hitachi to postpone the merger of new mobile phone business plan

Last September, NEC, CASIO and Hitachi announced to merge their mobile phone business agreement, and the establishment of the new joint venture company to prepare for the April wildly beating gongs and drums. Three companies to set up replica watches a new company, strictly abide by the rules of overseas competition. But some competition agencies require three companies to provide additional documents to complete the merger of the mobile phone to increase the time. Regulators are expected to review the work can not be completed before the end of March 2010, which will affect the cooperation of existing business partners is uk replica watches reduced to a minimum of three companies decided to delay the establishment of a new joint venture company. The new joint venture will be named NEC CASIO mobile Mobile (NEC CASIO Communications), the establishment of the time will be delayed by about 1 months compared with the rolex replica uk original plan. After the merger, the proportion of new company shareholders: NEC 66%, CASIO 17.34%, Hitachi 16.66%; the new company funding ratio: NEC 70.74%, CASIO 20%, Hitachi 9.26%; new members of the board of directors will be composed of NEC and CASIO representatives. Currently NEC for NTT DoCoMo and SoftBank Mobile development, production of mobile terminals. 2004, CASIO and Hitachi set up a joint venture - CASIO mobile communications for Hitachi KDDI and SoftBank Mobile, the United States Verizon Wireless and South Korea's LG Telecom provides CDMA phone.