KDDI to reduce stake in J:COM (Japan)
www.WirelessFederation.com/news: Japan’s second largest telecoms group KDDI Corp is set to buy a reduced stake in the firm from its owner US-based Liberty Global to scale back its aspirations for Japanese cable network operator J:COM. On January 25, a USD4 billion cash deal was signed between KDDI Corp and cable TV operator Jupiter Telecommunications (J:COM) from Liberty Global Inc. as per which 38% stake of the latter was acquired by the former.
Through this deal, KDDI hopes to get an access to a potential 3.2 million households for telephony services and simultaneously reduce its reliance of using NTT’s fibre-optic networks.
Soon after that, the deal got entangled and investigation into the legality of the plan was started by the regulators who were looking to slap an USD884 million fine on KDDI. According to KDDI spokeswoman Kayo Sekine at that time, the company will cooperate if the FSA should make a formal request for information and adhere to any FSA guidance. However, no comment was given on the rumored USD884 million fines.
KDDI picks Virtela to offer global network services to enterprises
www.WirelessFederation.com/news: Japan’s KDDI Corp has signed a contract with global managed service provider company Virtela Communications in order to expand its reach for enterprise network products to more than 190 markets.
According to telecomworldwide reports, the multi-carrier network of Virtela will offer Japanese enterprises with cost effective choices for global network services and support.
However, the report did not disclose any financial details.
Japan’s KDDI, JCB link up to make mobile wallet phones
TOKYO (XFN-ASIA) – KDDI Corp and credit card operator JCB Co have agreed to tie up to make cellular phones that can be used as credit cards, the Nihon Keizai Shimbun reported without citing sources.
The business daily said the so-called mobile wallet service would enable subscribers to pay for purchases by simply holding the devices near sensors in stores’ cash registers.
Users will be able to make purchases of up to 20,000 yen per transaction at stores participating in JCB’s mobile wallet service, the Nihon Keizai said.
Mobile phone operators are adding new services and features to retain customers ahead of the introduction of ‘number portability’ in October where customers can continue to use the same mobile phone numbers even after they subscribe to other mobile phone companies.
Source- http://www.forbes.com
Technorati : JCB, Japan, KDDI Corp, operator
Ice Rocket : JCB, Japan, KDDI Corp, operator
