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Business

KDDI counts on startup Soracom to open new fronts

Rising 'internet of things' star to complement languishing mobile services

KDDI held a briefing on its Soracom purchase slated for completion this month.

TOKYO -- KDDI hopes to propel its expansion of "internet of things" operations in Japan and abroad with the acquisition this month of a startup in the low-cost IoT arena, compensating for lackluster mobile services at home.

The Japanese telecommunications giant held a briefing Tuesday on the pending purchase of Soracom, a deal it announced last week. KDDI will invest about 20 billion yen ($181 million) in the Tokyo-based startup to make it a subsidiary by the end of August.

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