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.