Japanese mobile phone operator KDDI has announced it is buying back as much as 5.16% of its outstanding shares for about US$1.2bn, following the close of trading on October 22.
The process started yesterday and is expected to close on March 31 2011, the…
Japanese mobile phone operator KDDI has announced it is buying back as much as 5.16% of its outstanding shares for about US$1.2bn, following the close of trading on October 22.
The process started yesterday and is expected to close on March 31 2011, the company said in a statement. The repurchase is aimed at implementing “flexible capital policies in response to the change in the business environment and to provide shareholders return,” the statement read.
