KDDI (TOKYO:9433) announced an agreement with the shareholders of
CDNetworks Co., Ltd. (Headquarters: Seoul, CEO: Samuyeol Ko,
"CDNetworks"), a global Contents Delivery Network (CDN) service 
provider, on strategic investment in the company.Based on this
agreement, KDDI will purchase 85.5% of common shares in CDNetworks for
approximately USD167 million (approximately JPY 12.8 billion)  in
October 2011 and KDDI will embrace CDNetworks as one of KDDI family.
CDN services realize acceleration of Internet communication by temporary
cache and delivery of contents in servers which are located closer to
the end users. The services are now essential for Internet providers to
offer their users stress-free and comfortable services and contents.
CDNetworks operates its CDN business in 70 cities in 31 countries ,
focusing on Korea, Japan, China, the United States and Europe.
CDNetworks is highly competitive in Asia, which is a rapid growing field
of the Internet related business.
KDDI will add new value, combining high-quality Internet network and CDN
services, to various Internet service providers including contents
providers through the strategic investment in CDNetworks. In addition,
KDDI will realize offload of further increasing mobile traffic and build
up the network environment suitable for the smartphone era by adding CDN
services in KDDI's mobile platform.
Company overview of CDNetworks
About KDDIKDDI Corporation is the only telecom company in Japan
that provides broad services ranging from fixed line to mobile
communications. With more than 30 million subscribers, KDDI is Japan's
second-largest mobile operator. Furthermore, with more than 50 years of
strong tie-up with overseas telecom companies, top-class line volume in
Asia, and high-quality network development in the United States and
Europe, KDDI offers various services around the world using globally
established "TELEHOUSE" data centers as its foundation.http://global.kddi.com/
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