Key Developments: KDDI Corp (KDDIY.PK)
11.56USD
17 Jun 2013
$0.31 (+2.76%)
$11.25
$11.68
$11.68
$11.46
37,503
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Latest Key Developments (Source: Significant Developments)
KDDI CORP Bid For Telecom Licence In Myanmar-Business Standard
Business Standard reported that apart from Airtel consortium, there are ten other bidders in the race for two new licences in Myanmar, which include Axiata, Digicel, France-Tel, KDDI CORP, Millicom, MTN, QTel, SingTel, Telenor and Viettel. A consortium of Vodafone and China Mobile decided to opt out of the bidding process. The winners are expected to be announced on June 27. The licences are for 2x5 MHz on 900 MHz and 2x10 MHz on 2,100 MHz. Overall, the Myanmarese government will award four licences, two new ones and two for the existing local operators, MPT (the incumbent) and Yatanarpon Teleport (YT). Full Article
KDDI CORP Announces Business Alliance with PIA CORP
PIA CORP announced that it has signed a business alliance agreement with KDDI CORP. Through the business alliance, the two companies will collaborate in the Internet portal related business through the combination of the entertainment information service of PIA and the contents service of KDDI. The business alliance will start after June 1, 2013. Full Article
KDDI CORP to Pay Year-end Dividend for FY 2013
KDDI CORP announced that it will pay a year-end dividend of JPY 95.00 per share or JPY 36,310 million in total, above the latest dividend forecast of JPY 85.00 per share, to all the shareholders as a record of March 31, 2013, effective June 20, 2013. Full Article
Myanmar Names KDDI CORP And Other Bidders In Race For Two Mobile Licences-Reuters
Reuters reported that Myanmar has announced the names of 12 international consortia that have pre-qualified to bid for two mobile licences, moving closer to opening one of the last major untapped mobile markets. The companies include Bharti Airtel Ltd, China Mobile Ltd, KDDI CORP, MTN Group Ltd, Singapore Telecommunications Ltd, Telenor ASA and Digicel, a group backed by billionaire George Soros. The pre-qualified applicants will be required to submit their applications to the committee by June 3, 2013. The committee expects to announce the names of two winners to receive 15-year telecommunications licences by June 27, it said. China Mobile has teamed up with Vodafone Group Plc, while France Telecom SA is working with Marubeni Corporation, and Africa's MTN with M1 Telecom and Amara Communications. SingTel has joined with Myanmar Telephone Co Ltd and KBZ, while KDDI has teamed up with Japan's SUMITOMO CORP and Myanmar Information and Communication Technology Development Corp. Other pre-qualifiers are Axiata Group Bhd, Millicom International Cellular SA, Qatar Telecom QSC and Viettel Group. The bidding has attracted wide interest from international telecoms firms, which see huge opportunities in a country of 60 million where mobile penetration is just 5%-10%, compared with rates of over 100% in many developed markets. Full Article
Jupiter Telecommunications Co Ltd Announces Result for Tender Offer by KDDI CORP and NJ Corporation
Jupiter Telecommunications Co Ltd announced the result of tender offer by KDDI CORP and NJ Corporation, of which the same number of voting rights are owned by SUMITOMO CORP and KDDI CORP. KDDI CORP acquired 644,115 shares and NJ Corporation acquired 553,679 shares and 1,922 share options (a total of 8.09% stake) in Jupiter Telecommunications, for JPY 123,000 per share during the period from February 27, 2013 to April 10, 2013. As a result, KDDI will hold 40.47% stake (2,777,912 voting rights) of Jupiter Telecommunications up from 31.08% stake (2,133,797 voting rights) and become the top shareholder, effective April 17, 2013. Full Article
Jupiter Telecommunications Co Ltd Announces Price Change in the Tender Offer by KDDI CORP and SUMITOMO CORP
Jupiter Telecommunications Co Ltd announced that the tender offer price was changed from JPY 110,000 per share, which was disclosed on October 24, 2012, to JPY 123,000 per share, in the tender offer by KDDI and Sumitomo Corp. Full Article
Bell-Park Co Ltd Signs Franchise Contract with KDDI Corp
Bell-Park Co Ltd announced that it has signed a franchise contract with KDDI Corp in February 2013. Through the contract, the Company will be engaged in the sales of au mobile terminals and provision of other services. Full Article
KDDI CORP Raises FY 2013 Guidance-Conference Call
KDDI CORP revised fiscal 2012 results forecasts. Up to the third quarter it has been trending very steadily and stably so based on this, it is revising the full-year results forecast. Consolidated operating revenues, compared to the previous forecast it is adding plus JPY50 billion to JPY3,630 billion and consolidated operating income, plus JPY5 billion to JPY505 billion. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY3,618 billion for fiscal 2013. Full Article
KDDI CORP Announces Partial Change to Article of Incorporation of Authorized Share Number; Announces Adjustment of Conversion Price of 2015 Due Euro Yen Dominated Convertible Bond with Warrants
KDDI CORP announced that it has received approval from its Board of Directors to make partial change to its article of incorporation on April 1, 2013. Based on change to article six, the Company will increase the number of its total number of authorized shares from 700,000,000 shares to 1,400,000,000 shares. The Company also announced that it has revised the conversion price of 2015 due Euro yen dominated convertible bond with Warrants from JPY 5,731 per share to JPY 2,865.5 per share, applicable from April 1, 2014. Full Article
KDDI CORP Revises FY 2013 Guidance-Conference Call
KDDI CORP announced that for fiscal 2013, it expects JPY3.58 trillion is the guideline of revenues, which includes JPY500 billion operating income target. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY3.58 trillion for fiscal 2013. Full Article
RPT-Myanmar names 12 bidders in race for 2 mobile licences
YANGON, April 11 - Myanmar has announced the names of 12 international consortia that have pre-qualified to bid for two mobile licences, moving closer to opening one of the last major untapped mobile markets.
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