KDDI Shares Sink on $1.6 Billion Hit From Probe Into Fake Sales
KDDI Corp. shares plunged by the most in almost six years after Japan’s second-largest telecom provider said an ongoing investigation into fictitious ad sales will result in revisions to its...
By Mayumi Negishi · Bloomberg Markets
KDDI Corp. shares plunged by the most in almost six years after Japan’s second-largest telecom provider said an ongoing investigation into fictitious ad sales will result in revisions to its group revenue for the year ending March.