Singapore Telecommunications Ltd has formed Viva Bahagia Sdn Bhd as a wholly-owned subsidiary in Malaysia: capitalized at $40,000 it will be an investment holding company.
Siemens AG confirmed plans to invest $380m to build an electronic components factory in northern Portugal: the plant will have capacity to assemble 150m memory chips a year and will create some 750 jobs.
Dutch Internet access provider Planet Internet BV is counting on having 60,000 subscribers by January 1, double the current number.
Tulip Computers NV is to share 1996 profits with employees for the first time as a thank-you for their co-operation in its restructuring – but profit margins were pressured in the first half after write-offs of its investments in its television personal computer for the consumer market – Tulip decided earlier this year to move out of that business because it was now losing money in the home computer market.
Yahoo! Inc and the Ziff-Davis International Media Group formed a new joint venture, Yahoo Europe to offer customized versions of Yahoo!’s Internet guide in the UK Germany and France during 1996.
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