Japanese telecom operator
The telecom company plans to purchase the shares from general shareholders in a tender offer worth around
The move comes as KDDI, which currently has a 2.1 percent stake in Lawson, seeks to strengthen its consumer-oriented business outside the telecommunications industry by using the purchasing data of convenience store customers and using it for its financial and other services.
"Convenience stores are extremely important as social infrastructure. We will fully utilize the power of telecommunications to build future stores," said KDDI President
Lawson President Sadanobu Takemasu and Mitsubishi President
==Kyodo
© Kyodo News International, Inc., source