For Immediate Release
August 25, 1997
NTT Makes Investment in ASIA INTERNET HOLDING
Nippon Telegraph and Telephone Corporation (NTT) on August 20 made an investment in ASIA INTERNET HOLDING Co., Ltd. (AIH), a company involved in operations of international internet connection business through its internet backbone in the Asia-Pacific region.Of AIH's capital increase (¥700 million added to the existing ¥900 million capital amount) that was allotted to third parties, NTT underwrote ¥240 million, thus giving it control over 15% of AIH's increased capital of ¥1,600 million.
Outline of AIH
| Establishment: | November 1995 | Head office: | Chiyoda-ku, Tokyo |
| Shareholders: | IIJ, Sumitomo Corporation, Hong Kong Supernet, Pacific Internet, Itochu Corporation, Matsushita Electric Industrial, TOYOTA |
| Motor | |
| President: | Koichi Suzuki |
| Operations: | Providing internet connection services through internet Backbone operating in the Asia Pacific region |
| Service area: | Japan, Hong Kong, Singapore, Korea, Taiwan, Indonesia, Malaysia, Thailand (Users in the Asia-Pacific regionare also able to gain access to the the U.S. via IIJ) |
NTT plans to work together with co-capital owners to further participate in AIH's international internet connection services.
Attachment:
| AIH's Capital Constitution | ||
| Before capital increase (¥900 million): | ||
| Shareholders | Investment (¥million) | Ownership (%) |
| IIJ | 150.00 | 16.7 |
| Sumitomo Corporation | 150.00 | 16.7 |
| Hong Kong Supernet | 150.00 | 16.7 |
| Pacific Internet | 150.00 | 16.7 |
| Itochu Corporation | 100.00 | 11.1 |
| Matsushita Electric Industrial | 50.00 | 5.5 |
| TOYOTA Motor | 50.00 | 5.5 |
| Others | 100.00 | 11.1 |
| Total: | 900.00 | 100.0 |
| After capital increase (¥1,600 million): | ||
| Shareholders | Investment (¥million) | Ownership (%) |
| IIJ | 335.15 | 20.9 |
| Sumitomo Corporation | 340.00 | 21.3 |
| NTT | 240.00 | 15.0 |
| Pacific Internet | 164.85 | 10.3 |
| Hong Kong Supernet | 150.00 | 9.4 |
| Itochu Corporation | 100.00 | 6.3 |
| Matsushita Electric Industrial | 50.00 | 3.1 |
| TOYOTA Motor | 50.00 | 3.1 |
| Telekom Malaysia | 50.00 | 3.1 |
| Others | 120.00 | 7.5 |
| Total: | 1,600.00 | 100.00 |
