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Business deals

Carrier KDDI to expand financial services with buy

Japan's second-largest wireless provider hurries to diversify from smartphones

KDDI's investment in Securities comes as smartphones are increasingly used to access financial services beyond making purchases. (Photo by Makoto Okada)

TOKYO -- KDDI will invest in online brokerage Securities and establish a holding company for finance-related subsidiaries, diversifying its revenue sources as smartphones transform the way customers access such services.

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