KDDI may seek alliance with another utility to expand fibre provision

14 Jul 2006

Japanese telecoms company KDDI Corp, which is buying Tokyo Electric Power Co (TEPCO’s) fibre-optic business, is looking to strike an alliance with another utility company in order to increase its share of the high speed internet access and voice telephony markets. Bloomberg writes that KDDI’s President Tadashi Onodera confirmed that ‘Talks are underway at the middle-management level,’ although he declined to name the company involved. The operator hopes to complete the acquisition of TEPCO’s fibre business by 1 January 2007, making it the country’s third largest broadband services provider.

Japan, KDDI (au)