KDDI, which on May 12 released its financial report for the fiscal year ending March 2015, stated that launching operations in Myanmar had boosted revenues for its global services segment, with the segment’s operating revenues posted at 320.6 billion yen (US $2.7 billion) – up more than 20 percent over the year prior. The company first officially entered Myanmar last July when it joined Sumitomo Corporation in setting up a subsidiary, KDDI Summit Global Myanmar (KSGM), to assist state-owned MPT in competing with then-forthcoming international telcos Ooredoo and Telenor.
Qatar-based Ooredoo and Norway’s Telenor were awarded licences to operate in Myanmar in February last year. Myanmar Posts and Telecommunications (MPT), formerly the country’s monopoly provider, initially struggled to keep up, but then rebounded with support from Japanese firms KDDI and Sumitomo. The two foreign providers initially made rapid inroads by gathering up the low-hanging fruit presented by urban markets. But most of the population is in rural areas, where infrastructure is weak, slowing the pace of mobile penetration, U Thar Htet, managing director of Zwenexsys company, told The Myanmar Times yesterday.
In acquiring Luxa, an ecommerce site specializing in high-end sales, KDDI has finally got its mark. The telco first invested in the startup back in 2013 for US$3.3 million. KDDI later joined forces with Luxa for its “Syn Alliance,” a collection of popular internet properties designed to form a more perfect mobile portal site last October. Terms of the acquisition were not disclosed.
Last summer, KDDI launched a new US$50 million fund. Today, two more startups received funding from the Open Innovation Fund, with the announcement coming at the Japanese telco’s seventh demo day. Terms for the deals were not disclosed. Mist Technologies makes a clever browser plugin that allows browsers in a similar geographical location that are streaming the same content to share it amongst themselves. This means that slow upload times for popular content can be avoided.
Japanese telco KDDI’s accelerator program Mugen Labo just finished its seventh demo day, and the presenting companies came from a wide range of industries, some with tantalizing business models. Take a look – the winner presented a polished product, proved his stickiness with his target user, and is very likely to be heard from again.
After signing a partnership with Japan’s KDDI Corporation and Sumitomo Corporation, it has quickly moved to modernise its operations and launch new tariff deals. Its latest mobile plan, Swe Thahar, cuts voice and SMS prices and changes the way MPT charges customers for internet usage, from by-the-minute to by-the-megabyte. KDDI Summit Global Myanmar (KSGM) managing director Takashi Nagashima, MPT general manager Khin Maung Tun, chief technical officer Kenichi Ono and other company officials sat down with a small panel of journalists
Tech in Asia learned today that freelance platform service Lancers secured US$8.5 million in funding from telco KDDI, human resource firm Intelligence, gaming company Colopl, and venture capital firms Gree Ventures, Globis Capital, and GMO Venture Partners. The funding is a long-awaited counterpoint to the regular stream of positive PR coming from rival Crowdworks. Crowdworks is a more visible company in Tokyo’s startup community and is not shy about promoting itself. Since June, Crowdworks has sent out 26 press releases to Lancer’s 18.
Gree is working hard at remaking its fortunes in the smartphone age. The industry giant today announced a new mobile game publishing partnership with KDDI Corporation in Japan, under which it will develop, publish, and localize games from outside of the country. KDDI – a mobile phone carrier – is best known for its mobile subscription service, au Smartpass, which allows users access to a variety of apps and games for a modest monthly fee of JPY 372, or US$3.50.
NEW YORK, NY — (Marketwired) — 08/27/14 — KDDI, the global telecommunications provider, announces today that it will invest $270 million (28 billion yen) investment in the building of two new Telehouse data centers, “TELEHOUSE OSAKA 2,” and “TELEHOUSE TOKYO Tama 3,” scheduled to open in August 2015 and February 2016 respectively. These additional facilities will take the total amount of global TELEHOUSE data center space to approximately 4.0 million square feet, provided by 46 sites across 13 countries/territories and 24 major cities.
Google announced that carriers from various countries, including China Mobile, China Telecom, and France’s Global Transit, will jointly invest in a trans-Pacific high-speed Internet cable system named “Faster”. The total investment of this Faster project is estimated to be about USD300 million and participating companies include China Mobile, China Telecom, Global Transit, Google, Japan’s KDDI, and Singapore’s SingTel. This project is expected to be completed and put into operation before the second quarter of 2016.
Our smartphones connect us to the internet and millions of apps, but it is our telecommunications providers that allow the connection to take place at all. It makes perfect sense that the companies behind our handsets would be keen to aid tech startups, because people don’t just buy smartphones for specs – they buy them to access the must-have apps that keep us glued to our screens. NTT Docomo and KDDI – Japan’s first and second-largest wireless carriers by user base, respectively (or first and third , if one accounts for group companies) – are on the front-lines of startup investment with multi-million dollar funds and seasoned incubation programs.
Google has joined Chinese, Japanese and Singaporean telcos in a project to build a new subsea cable between Japan and the United States West Coast. The A$325 million FASTER project involves a six fibre-pair cable which will enter service in the second quarter of 2016. Initial design capacity for FASTER is 100 wavelengths at 100 gigabits per second each – with six fibre-pairs, the cable will have a total capacity of 60 terabits per second. That capacity makes FASTER the largest design-capacity cable across the Pacific.
Corporate venture funds have been in vogue in Japan for the past few years, but accelerators and incubators remain a rarer breed. KDDI, typically known as one of Japan’s top telecommunication providers, has chosen the path less traveled and established both a venture fund (which is renewed yesterday for US$50 million) and an accelerator.
KDDI (TYO: 9433) revealed a flurry of investment plans today. First, the telecommunications firm announced the KDDI Open Innovations Fund (operated by Global Brain) deposited US$8 million into four American startups. Education firm Edmodo, digital media publishing platform Issuu, seat upgrade app Pogoseat, and TechCrunch competitor VentureBeat all received funding but individual terms were not disclosed. KDDI noted that a key reason for investing in these companies is their collective potential for trying to enter the Japanese market.
TELEHOUSE has updated its policies and procedures to conform to the requirements and addressables, mandatory, for a Business Associate under the Health Insurance Portability and Accountability Act (HIPAA) and the Final Omnibus Rule issued January 23, 2013. As of July 2014, TELEHOUSE is capable of signing a Business Associate Agreement as is required under the HIPAA regulations. As a Business Associate, TELEHOUSE can provide its services to Covered Healthcare Entities (CE) as well as other Business Associates who are vendors to various Healthcare industries.
KDDI, Japan’s third largest carrier by subscriber base behind Docomo and SoftBank, is betting on the success of news curation app Gunosy. The telco announced a 1.2 billion yen (US$11.8 million) funding round today – after already providing US$12 million in March to fund a Gunosy television advertisement campaign. According to The Bridge, Jafco and B Dash Ventures joined KDDI for the latest investment.
NEW YORK, NY — (Marketwired) — 06/10/14 — TELEHOUSE, the global leader for data centers, international Internet exchanges, and managed IT services, alongside its parent company KDDI, the Japanese telecommunications and systems integration provider, announces its upcoming exhibition at the 2014 Cloud Expo at the Javits Center in New York City. As part of Telehouse’s commitment to facilitating the growth of businesses worldwide, the company has diversified its portfolio of services through a data centric solution approach.
Asian telecom operators Chunghwa Telecom (Taiwan), HKT (Hong Kong), KDDI (Japan), and SK Planet (South Korea) are jointly announcing the formation of the Asia NFC Alliance, with the support of the GSMA, today at MWC 2014. The Alliance aims to extend existing NFC services beyond national borders to further accelerate the adoption of convenient and compatible NFC services worldwide.