PoweredCom Inc., a data communications firm owned by Tokyo Electric Power Co. and nine other utilities, is negotiating with Internet provider Internet Initiative Japan Inc. over a possible business integration deal, the two companies confirmed Thursday.
"It is true that we are studying ways to unite our management, including possible business integration," they said in a joint statement. "We have yet to make any decision on concrete steps and we are still studying the matter in an earnest way."
PoweredCom is already studying a proposal to integrate with Tokyo Telecommunication Network Co., a regional telecom affiliated with Tepco, next spring.