Complex sentence: Vic Tokai was founded on March 18th 1977 has a CATV service provider; but only in the following year, in 1978, it adopted its current name of Vic Tokai.
Split into simpler sentences: Vic Tokai was founded on March 18th 1977 has a CATV service provider. The following year, in 1978, it adopted its current name of Vic Tokai.