KDDI president sees mobile growth within two years

6 Dec 2010

KDDI’s President Takashi Tanaka is quoted by Bloomberg as saying that sales and revenue derived from smartphones will revive the operator’s wireless growth fortunes – the group’s largest business segment – within the next two years. In an interview with local press, Tanaka said that profit growth is expected to begin accelerating in the fiscal year ending 31 March 2013. KDDI, Japan’s second largest mobile operator by subscribers, also plans in the next fiscal year a 3G smartphone that can detect a WiMAX signal, he said. Nevertheless, the group is forecasting mobile profits to fall 11% to JPY430 billion (USD5.2 billion) in the current financial year, on the back of a 4% fall in revenue to JPY2.55 trillion.

Japan, KDDI (au)