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KDDI Invests in American MVNOs

KDDI America has entered into separate agreements with American MVNOs (Note (1)) Locus Telecommunications, Inc. (Hereinafter referred to as “Locus.”) on January 19th, 2010, and Total Call International, Inc. (Hereinafter referred to as Total Call) on January 21st, 2010 to invest in the respective companies.

In accordance to the above mentioned agreement, KDDI America, Inc. will acquire a combined total of USD 41M (JPY 3.7B) of issued shares corresponding to 51% of the number of shares issued by the respective companies, and plans to make them as consolidated subsidiaries (Note 3). Through the aforementioned pair of investments, KDDI and the KDDI Group plan to enter the mobile service segment offering services to migrants residing in the U.S.—a promising growth market—to further expand the companies’ global business base.

DoCoMo to Demo LTE handset at MWC

According to this PC World report, DoCoMo plans to demonstrate a prototype handset running LTE technology at this month’s Mobile World Congress exhibition in Barcelona. The demonstration at Barcelona will be running on a prototype LTE chip developed by the four companies, said NEC. The chip was first demonstrated in October in concept data cards, and its appearance at Barcelona will be the first time it’s appeared in a handset.

SoftBank Q3 Results Show iProfit

Softbank Corp. said its fiscal third-quarter net profit jumped 41% year-on-year, driven by strong sales of the Apple iPhone at its wireless division. Softbank Mobile’s strong performance helped the group expand in the country’s cutthroat but profitable mobile market.