KDDI Grabbing High ARPU Users from Rivals
Shares of KDDI Corp., Japan’s second- largest mobile-phone operator, rose 2.4 percent after the company said users are spending more on services such as high-speed access to the Internet and video clip services. KDDI yesterday said users spent an average of 36 percent more each month in the April to June period as they sent text messages, surfed the Internet and viewed video clips.
KDDI and rivals such as NTT DoCoMo Inc., which will report earnings next week, and Vodafone Group Plc are counting on data services to shore up revenue as sales of voice services flag. Continue >>