KDDI Corp

KDDI Corp. Japan's second-ranked mobile phone operator is winning fresh customers following the introduction of number portability. We believe the worst is over in terms of the price war within the mobile industry, coupled with the fact that the share price has more than fully factored in the hit to earnings. Meanwhile the deficit in the fixed line business is being reduced on lower equipment costs.

Sedol Type Price Date
6248990 Buy JPY 709,103 23/01/2008

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