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Hitachi, Toyota to launch satellite network

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CIOL Bureau
New Update

NEW YORK: Hitachi Ltd., Toyota Motor Corp. and other major Japanese firms

plan to set up a joint venture in October to offer advanced communication

systems via a new satellite network to be launched in 2007, a Japanese newspaper

reported.

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The Nihon Keizai Shimbun said in its online Tuesday edition that the group

will include about 10 firms, including leading electronics makers like

Mitsubishi Electric Corp.

In 2008, the new company will start offering next-generation services with

the satellite that will enable data transmission of a higher quality than on

existing global positioning system services.

The system can be installed in cars to transmit satellite television or in

mobile terminals to send information on such things as the availability of

parking spaces, the paper said.

The government will provide 100 billion yen ($822 million) to develop and

launch the satellites, while the private sector will pay to develop the

transceiver and operate the system, the paper said.

(C) Reuters limited.

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