Sumitomo Electric Networks Inc. (Japan) has established a subsidiary in Shanghai, Suminet Communication Technologies (Shanghai) Co. Ltd. (SUMINET), which began its operations. SUMINET will engage in the development of products and services for the broadband access market. The product lines will include ADSL products and contents distribution services.
In December 2003, Sumitomo Electric Networks established a 100-percent subsidiary in Shanghai Zhangjiang High-Tech Park. The new company, SUMINET, started its operations as a research and development subsidiary that engages in the development of the products related to DSL and other broadband Internet services. For the time being, SUMINET will cooperate with Sumitomo Electric Networks in the development of broadband Internet equipment and next-generation Internet applications for the Japanese market. In the future, SUMINET will develop the products for the broadband Internet market overseas, especially in China.
