Profile of Joint Venture
| Company name |
Closed Joint-Stock Company NEC Neva Communications Systems (NEC Neva) |
| Location: |
Shosse Revolyutsi Industrial Park, St. Petersburg, Russia |
| Type of company: |
Joint stock company as defined by Russian Law |
| Business: |
Manufacture, marketing, installation and maintenance of NEC developed digital public switching systems, and engineering support for transmission and wireless communications systems |
| Capital: |
US$6.1 million |
| Capital ratio: |
NEC |
45% |
| Mitsui & Co. |
10% |
| Sumitomo Corp. |
10% |
| Telecominvest |
35% |
| Executives: |
President |
Nominated by NEC |
| Vice Presidents (2) |
1 person each from NEC and Telecominvest |
| Capacity: |
First year |
150-200,000 lines |
| Maximum |
500,000 lines |
| Anticipated sales: |
10 billion yen within 3 years (by 1999) |
| Employees: |
50 people in first year, rising to an anticipated 200 people |
|
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