For Immediate Release
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| 1. | Profile at Establishment in April | ||
| 1) | Company name | ||
| Official name: NTT COMMUNICATIONWARE CORPORATION
Common name: NTT COMWARE |
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| 2) | Location of Headquarters | ||
| 1-9-1 Konan, Minato-ku, Tokyo | |||
| 3) | Capital | ||
| 4) | Ownership | ||
| 100% by NTT | |||
| 5) | Date of Establishment | ||
| April 1, 1997 | |||
| 6) | Activities | ||
| a) | Telecommunications-related services
- Development, production, operation and maintenance of systems, software and related equipment, including work commissioned by clients - Sales and lease of systems, software and related equipment - Telecommunications-related construction on a contract basis - Billing services, etc. commissioned by clients |
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| b) | Planning, surveying, researching, training, consulting commissioned by clients and dispatching personnel, related to item a) | ||
| c) | Any other business incidental or related to items a) and b) | ||
| 7) | Number of employees | ||
| 4 (seconded from NTT) | |||
| 8) | President | ||
| Mr. Koh Ishii (currently Consultant to the President of NTT) | |||
2. Profile at Service Launch in September
NTT will transfer operations to the new company after NTT's shareholders approve the plan at their 12th regular meeting, and following completion of all required legal procedures.
| 1) | Launch of Services |
| September 1, 1997 | |
| 2) | Capital |
| 20 billion yen (authorized capital: 80 billion yen) | |
| 3) | Assets |
| Approximately 500 billion yen | |
| 4) | Sales forecast for first fiscal year (ending March 31, 1998) |
| Approximately 200 billion yen | |
| 5) | Number of employees |
| Approximately 9,500 |
3. Others
| 1) | Relationship with NTT | |
| a) | NTT will commission the new company to supply it with communications software and systems services smoothly and efficiently to support NTT's telecommunications business. | |
| b) | NTT will seek new company's assistance in areas such as developing software to achieve greater efficiency in NTT's network operations. | |
| c) | NTT will conduct business with the new company based on contractual agreements similar to those used for business with other companies, to ensure fair competition. | |
| d) | NTT will not conduct joint procurements with the new company to prevent it from gaining unfair advantage through NTT's large-scale purchases. | |
| 2) | R&D | |
| NTT will handle research and development results with a view to promoting fair competition in the Japanese telecommunications market, as follows: | ||
| a) | NTT's R&D | |
| NTT will retain the disclosure rights to any R&D results which it provides to NTT COMWARE, thereby ensuring that the new company will disclose information which other companies are entitled to receive upon request. If the new company needs to obtain NTT's R&D results, NTT will provide such information for an appropriate fee, as it does for other companies. | ||
| b) | New company's R&D | |
| The new company's policies for disclosing its own R&D results will be patterned after those followed by NTT. | ||
