KDDI to Study Qualcomm's MediaFlo
KDDI will establish a planning firm to study the potential of alternate mobile TV broadcasting business opportunities with Qualcomm Japan, according to press release posted today. The joint venture, headed by President and Representative Director Masuda Kazuhiko, will launch on 27 December with 10 employees. Media Flow Japan, will be capitalized at 10 million yen, of which 80 percent will be put up by KDDI and 20 percent by Qualcomm. The joint venture will ask the Internal Affairs and Communications Ministry for a frequency assignment after considering the profitability and service contents of the new business, as well as targeting a possible start date in late 2006.