KDDI mulls Romanian investment plan

15 Sep 2010

According to Romanian online news agency ActMedia, Japanese telecoms group KDDI Corp is considering a number of possible investment options in Romania, as part of a wider plan to tap into the telecom and IT market in several central and eastern European countries. Japan’s number two operator by subscribers and revenues is said to be holding talks with unnamed groups concerning the growth potential of the local market in the next few years. Rumours that KDDI was targeting Romania for investment emerged last month after KDDI officials held several meetings in Bucharest. Speculation was further fuelled when Thomas Streimelweger, CEO and founder of Austrian group S&T, the biggest provider of IT services in the region, mentioned in a recent interview that a ‘major’ Asian company was looking to invest in the country.

Romania, KDDI (au)