KDDI to buy Biglobe from Japan Industrial Partners
Japan Industrial Partners (JIP) has agreed to sell Japanese internet service provider Biglobe to KDDI Group for approximately JPY80 billion ($699 million), nearly three years after it carved out the asset from NEC.
KDDI, a domestic telecom provider that offers voice and data services including broadband internet, said in a filing that it expects the deal to close in January, after which Biglobe will become a wholly-owned...
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