KDDI concludes deal for BIGLOBE

21 Dec 2016

Japan Today reports that KDDI Corp has agreed a share transfer deal under which it will acquire all of the shares of Japanese ISP BIGLOBE from Japan Industrial Partners IV Investment for a total consideration of around JPY80 billion (USD702 million). The transaction is expected to be completed around the end of January 2017, upon which KDDI intends to make BIGLOBE a wholly owned subsidiary. The ISP offers fixed broadband services in the country and by 30 September 2016 had over two million subscribers. At the same date, its BIGLOBE mobile service was also being used by approximately 400,000 customers.

Japan, BIGLOBE, BIGLOBE Mobile, KDDI (au)