Telecom equipment manufacturer Uniden Corp. said Thursday it has set up a new company in the United States to sell phones for business use.

Around 90 percent of Uniden Business Network Systems Inc. is owned by Uniden, the firm revealed in a press release. The remainder of UBS, which is capitalized at $3 million, is owned by TECOM Co., a Taiwanese telecom equipment maker.

The new company aims to generate sales of $22 million for the year to March 2002 and annual sales of 10 billion yen within three years, according to the firm.

UBS will sell phone products to major telecom carriers such as SBC Communications, BellSouth Corp., Verizon Communications and Quest Net Corp., with a view to expanding its sales to cable companies in the future.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.