Kyodo Industry Brief (Oct. 28)
(Japan Economic Newswire Via Acquire Media NewsEdge) TOKYO, Oct. 28 -- (Kyodo) _ ---------- NTT Com to buy U.S. cloud computing service provider
TOKYO - NTT Communications Corp. plans to acquire Virtela Technology Services Inc., a U.S. provider of cloud computing services, to enhance its ability to offer online access to software and data storage for clients globally, sources familiar with the matter said Monday.
---------- Philips scraps deal to sell audio equipment unit to Funai
BRUSSELS - Royal Philips NV said Friday it is terminating a deal to sell its home audio equipment unit to Japan's Funai Electric Co. due to what is said was Funai's breach of contract.
---------- Peach Aviation to launch Osaka-Kaohsiung route
OSAKA - Low-cost carrier Peach Aviation Ltd. said Friday it will start a new daily service from Jan. 18 connecting Kansai airport in Osaka and Kaohsiung in southern Taiwan.
---------- TEPCO to introduce smart meters for all households by March 2021
TOKYO - Tokyo Electric Power Co. plans to introduce next-generation smart meters that can communicate electricity consumption data for all households in the utility's service area by the end of March 2021, three years earlier than originally scheduled, TEPCO officials said Monday.
(NOTE: Corporate press releases are available on Japan Portal, a multilingual website powered by Kyodo News providing information about a wide range of topics and events in Japan. URL: http://www.japanportal.jp/industry/)
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