Technology Jul. 03, 2008 - 03:25AM JST ( 0 )

TOKYO —

Panasonic Mobile Communications Co and NTT Data Corp announced Wednesday that both companies have reached a basic agreement on a capital and business alliance on Panasonic Mobile & System Engineering Co, a wholly- owned subsidiary of Panasonic Mobile. NTT DATA will take over 60% of the shares issued of PMSE.

Through this alliance, Panasonic Mobile and NTT DATA intend to form a new partnership and establish cooperative structure to enhance the corporate values of all three companies involved, including PMSE.

Panasonic Mobile will gain its competitiveness in both qualities and cost advantages in the field of software development of mobile phone, which requires greater sophisticated and diversification of functions, by introducing NTT DATA Group’s technologies and know-how of system development and experience in the solution business. This partnership will enable Panasonic Mobile to strengthen its development capabilities in the technology of product differentiation and reinforce its competitiveness in the mobile phone business which is one of core businesses in Matsushita Group.

JCN