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Japan’s second-largest telecoms operator KDDI Corp. has agreed to buy Tokyo Electric Power Co.’s (TEPCO) fixed-line telecoms unit PoweredCom, Inc. in a stock-swap deal, the Asahi daily reported on Wednesday. The Nihon Keizai business daily reported on 29 July that TEPCO, Asia’s biggest utility, would transfer its entire 84 percent stake in unlisted PoweredCom in exchange for KDDI shares in a deal that would value PoweredCom at around 100 billion yen ($900 million).
KDDI said at that time it was in talks with TEPCO and was considering options including the acquisition of PoweredCom. Officials at TEPCO and KDDI were not immediately available for comment on Wednesday. Source
Some sage advise when entering new turf; Stop, Look and Listen.. it’s also good to secure a local guide. Japan is the cradle of mobile civilization – we have been dedicated to this space since 2001 – trust our archives here offer some useful material.
Domestic activities continue to set the pace, and sharp players are looking at global markets. We have hard-earned industry expertise and trusted network of contacts with access to advanced intell. and potential deal flow. Need a lift.. Ok, buckle-up!