TOKYO -- Toyota Motor will sell about 20% of its KDDI stock holdings, worth about 250 billion yen ($1.8 billion), the company announced on Friday. It will apply for a share buyback solicited by KDDI.
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Toyota to sell 20% of its KDDI share holdings, worth $1.8bn
Automaker to apply for telecom's share buyback to gain funds for EV shift
Toyota and KDDI have joined hands in the development of communications infrastructure for next-generation "connected cars" and smart cities. (Source photos by Reuters and Nikkei)
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