No. 1 Story
ACCC clears Optus to scrap HFC network and use NBN instead
The ACCC has cleared, provisionally, the proposed deal between Optus and NBN Co under which Optus is to be paid around $800m to shut down its HFC network and transfer customers onto the NBN. read moreNEC signals significant retreat
Stephen Withers
Thursday, 15 January 2009 09:45
Page 2 of 2
NEC Australia blames rapidly changing retail conditions and the weaker Australian dollar.The company will also continue to sell its digital signage and business projector products.
"This move forms part of our strategic evolution towards redefining NEC Australia as a business services company," said managing director Wataru Takeuchi.
"As such, a decision has been made to withdraw our retail products in order to focus our resources and energy on our key strengths which are our business offerings and our Research and Development capabilities."
NEC's Mulgrave (Melbourne) R&D centre employs around 400 people working on broadband access equipment, mobile handsets, applications, and other projects.
NEC Australia is a wholly-owned subsidiary of NEC Corporation.
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