Japan's IIJ and PoweredCom Discontinue Merger Talks

Internet Initiative Japan (IIJ), Crosswave Communications, and PoweredCom have not reached an agreement on the potential integration of their businesses. In July 2002, the parties announced that they were exploring the possibility of merging. However, talks to this point have not been fruitful. The companies said they would continue to discuss ways of cooperating. IIJ operates one of the largest Internet backbones in Japan. Crosswave, which was formed in 1998 by IIJ, Sony and Toyota, operates a fiber network across Japan dedicated to data traffic. PoweredCom, which is a 32% owned affiliate of Tokyo Electric Power Company, provides data communications utilizing a 200,000 km nationwide fiber network owned and operated by PNJ Group, a consortium of ten regional electric power companies.
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