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Tokyo-based Oki Electric Industry Co. announced that the company’s Board of Directors has approved a spin-off of the company’s telecommunications business through an incorporation-type company split. A new company named OKI (News - Alert) Networks Co. will be established as a result, effective Oct. 1.

 

OKI looks forward to expanding its telecom business by splitting its telecom division, excluding legacy-type business. The telecom business will be expanded by enhancing product development, according to the changing global network market.

 

OKI has been supplying telecom products to major telecom carriers in Japan and to the enterprise network market. Networks are however migrating to IP and also the use of NGN-based networks has resulted in rapid changes in the business environment. Additionally, competition has also been increasing worldwide.

 

“In order to become a winner in this competitive network market and further expand our telecom business, we understand that it is essential to further increase flexibility in management and establish a business structure that can respond to the changing market in a more agile and timely manner. Thus, we decided to establish OKI Networks,” said Masayoshi Matsushita, senior vice president at OKI.

 

“In addition, to expanding into new markets, we believe it is important to strengthen our marketing skills and at an early stage, establish a market-driven business model that is flexible and responsive to the market changes,” Matsushita added.

 

OKI Networks offers advanced services seamlessly by connecting telecom networks with enterprise networks that are based on NGN. OKI proposes to offer new products to expand its telecom business to better serve the global telecom market.

 

OKI specializes in providing highly-reliable network technology and network integration technology, as well as offering full service from IP network technology. OKI lends support from the design stage to maintenance and also offers eSound and eVideo solutions to provide high-quality voice and video over IP.

 

OKI will be planning, developing and selling electronic communication equipment and systems with about 650 employees and headed by Masasuke Kishi as president. Oki Electric Industry Co. is a telecommunications manufacturer providing products, technologies and solutions to customers through its info-telecom system business, semiconductor business and printer business.