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NEC AND TOSHIBA TO PLAN JOINT VENTURE

TOKYO, The two japanese satellite makers today said they plan a joint venture by April 2001 to consolidate aerospace units and strenghten global competitiveness. The venture will be capitalized at $132 million. Nec will hold a 60% stake and Toshiba the rest.

AVIONEWS - World Aeronautical Press Agency - 5222
Rome, Italy, 12/13/2000 17:03
AVIONEWS - World Aeronautical Press Agency

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