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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 691.72-0.1%Jan 16 4:00 PM EST

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To: Johnny Canuck who wrote (44102)4/8/2007 1:30:12 PM
From: Johnny Canuck  Read Replies (1) of 69835
 
KDDI to offer cell phone service in U.S

By Reuters
news.com.com

Story last modified Sun Apr 08 09:42:11 PDT 2007


TOKYO--Japan's KDDI said Sunday it aims to offer a cell phone service in the United States using a network operated by Sprint Nextel.
KDDI, the second-biggest mobile phone operator in Japan after NTT DoCoMo, aims to cater to mainly Japanese customers in the United States, a spokesman said.

Tokyo-based KDDI will offer services using CDMA standard, developed by Qualcomm, and adopted by U.S. carriers such as Verizon and Sprint Nextel. That is different to the W-CDMA standard of technology popular in Europe and Asia.

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Japanese operators have been eyeing new sources of revenue abroad as they expect slower subscriber growth in the saturated home market.

In 2001, DoCoMo invested about $10 billion in AT&T at the height of the Internet and telecom bubble, but later ended up booking huge losses from stakes in overseas operators.

Tokyo-based DoCoMo has since shifted its strategy to holding minority stakes in Asian carriers to expand in international roaming and help procure handsets more cheaply.

The Asahi newspaper said KDDI aimed for a full U.S. roll-out by the middle of this month, offering phones made by makers such as Sanyo Electric under the KDDI Mobile brand.

[Harry: This is an interesting phenomenom. In a environment where private investors are focused on cashflow, public companies like the carriers are still focused on the metric of revenue growth that characterized the tech boom.]
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