Philips and NEC join forces in IP telephony.

0 Comments | M2 Presswire, January, 2003

M2 PRESSWIRE-29 January 2003-PHILIPS: Philips and NEC join forces in IP telephony(C)1994-2003 M2 COMMUNICATIONS LTD RDATE:01292003 Amsterdam, the Netherlands/Tokyo, Japan -- Royal Philips Electronics (AEX: PHI, NYSE:PHG) and NEC Corporation (NEC), a global provider of Internet, broadband network and enterprise business solutions, announced that they have agreed to enter into a strategic partnership to develop and deploy IP technology in telephony solutions.

Both parties will leverage their strong market positions and expertise to jointly address new opportunities for voice and data convergence in the IP-based communications market. The agreement initially involves the co-development of IP-based telephony applications and expanding the range of enterprise...