KDDI Making Moves Overseas
KDDI Corp of Japan has signed a joint venture agreement with the UK’s BT Group to start offering global communications networks services from August. According to a statement from KDDI, the new alliance will target Japanese companies with overseas operations as part of the carrier’s plan to strengthen its worldwide operations by building new broadband networks at lower costs. According to a report in the UK Financial Times, pair aim to generate revenues of USD1 billion from the alliance within three to five years.