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Rakuten to acquire 54% stake in TEPCO's phone subsidiary

Rakuten to acquire 54% stake in TEPCO's phone subsidiary

TOKYO, Japan - Tsunehisa Kawamata (L), president of Tokyo Electric Power Co. (TEPCO), and Rakuten Inc. President Hiroshi Mikitani pose for a photo at a press conference in a Tokyo hotel on June 19. Rakuten said it will tap into the telecommunications industry by acquiring a 54.27 percent stake in Fusion Communications Corp., TEPCO's Internet protocol phone subsidiary.

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Rakuten to acquire 54% stake in TEPCO's phone subsidiary

Rakuten to acquire 54% stake in TEPCO's phone subsidiary

TOKYO, Japan - Tsunehisa Kawamata (L), president of Tokyo Electric Power Co. (TEPCO), and Rakuten Inc. President Hiroshi Mikitani pose for a photo at a press conference in a Tokyo hotel on June 19. Rakuten said it will tap into the telecommunications industry by acquiring a 54.27 percent stake in Fusion Communications Corp., TEPCO's Internet protocol phone subsidiary. (Kyodo)

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