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KDDI invests $5 million in Fuhu

KDDI, one of Japan’s largest cellular phone companies with over 35 million subscribers, announced today a $5 million series C investment in Fuhu, creators of the Nabi tablet, the Fooz Kids suite of applications, and the UrDrive USB interface software. The deal follows a $15 million Series C investment in Fuhu made last year by Foxconn Technology Group and Kingston Digital.

“Fuhu and KDDI have a shared vision for children’s education best practices,” commented Kazuhiko Masuda, chief strategy officer at KDDI. “After considering many investment options, we believe Fuhu provides a unique combination of hardware and software expertise in a high performance device that will satisfy consumer demand for a quality smartphone and tablet experience.”

KDDI plans to localize Fuhu’s English content for the Japanese market with goal of launching children’s educational services co-developed with Fuhu.

KDDI next week plans to launch nationwide LTE services running across its 800 MHz and 1.5 GHz spectrum holdings. In conjunction with the launch of the iPhone 5 last month, KDDI launched LTE services in the 2 GHz band. KDDI has over 20,000 employees, $43 billion in revenue and 2.5 million FTTH customers.

ABOUT AUTHOR

Jeff Mucci
Jeff Mucci
Jeff is the CEO and Head of Industry Insights for Arden Media Company, publishers RCR Wireless News. Enterprise IoT Insights, In-Building Tech and TelecomCareers. Over the past 20+ years, Jeff has been involved in many facets of running day-to-day operations for telecom, wireless, commercial real estate and energy services companies. He has raised over $300 million of debt and equity for companies in which he has been involved. Previous roles include Chairman and CEO of ConnectSouth, a regional DSL company: President of a facilities based CLEC; SVP Sales and Marketing for Clearwire; and Director of a nationwide BLEC representing over 100 million square feet of commercial real estate. Contact Jeff by email: [email protected] or by phone at 512.431.8912.

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