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NEC sells Biglobe to Japan Industrial Partners

Thursday 30 January 2014 | 12:51 CET | News
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NEC has agreed to sell its Japanese ISP Biglobe to an investment fund managed by Japan Industrial Partners. The transfer should be completed by the end of March, and Biglobe will adopt a new organisational structure from April. NEC said the deal will give Biglobe the financial and management support it needs to further grow its business. NEC's enterprise system integration and service business will continue to collaborate with Biglobe to serve customers. No details on the sale price were disclosed, but NEC said it expects to record an extraordinary gain of JPY 34 billion on the sale of

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Categories: Internet
Companies: NEC
Countries: Japan
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