By Phil Boeyen, ShareChat Business News Editor
Thursday 26th October 2000
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KDD Network Systems of Japan is to take a 10% stake in Telemedia Japan for a nominal price which recognises existing relationships between the two companies.
Telemedia chief executive, Chris Jones, says the move is a logical next step in the development of the strategic relationship between the two companies.
"Japan has the world's second largest telecommunications market after the United States - one of the key reasons we were so keen to establish a meaningful presence there. Late last year we signed a reseller agreement with KDD, the second largest Japanese telco, to actively promote and sell Telemedia software products in the region."
Mr Jones says the closer relationship with KDD will lead to greater growth for his company in Japan.
"It will foster closer commercial ties and enhance the sales of Telemedia's 'customised' software products and solutions for Japanese-owned networks and their global customers."
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