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Softbank sells 67% of eAccess to industry consortium
2013-01-17 09:23:00| Telecompaper Headlines
(Telecompaper) Japanese mobile operator Softbank has sold for an undisclosed amount two-thirds of eAccess, the carrier it acquired for JPY 180 billion at the start of the year. The consortium of eleven buyers comprises Alcatel-Lucent, Ericsson, Comverse, Samsung, Nokia Siemens Networks, Orix and five Japanese property leasing companies. EAccess operates Japan's smaller eMobile service and sells capacity on its network to MVNOs. Softbank said that the transaction leaving it 33.29 percent of eAccess will give the latter greater independence and will facilitate its continued expansion. Softbank said the impact of the sale on its earnings is negligible.
Tags: industry
sells
consortium
softbank
Softbank to sell eAccess shares to Samsung, Nokia and others
2013-01-17 01:00:00| Total Telecom industry news
Japanese company to sell off portion of its newly-acquired eAccess shares to 11 parties.
Tags: others
sell
samsung
nokia
Sprint signals midyear close for SoftBank combination
2013-01-15 19:19:13| Telecom - Topix.net
Check out an analysis that reveals the relationship between Sprint's deals with SoftBank and Clearwire, and shows how Dish's interest could unravel transactions.
Tags: close
combination
signals
sprint
Sprint signals midyear close for SoftBank combination
2013-01-15 17:32:39| IT Services - Topix.net
Check out an analysis that reveals the relationship between Sprint's deals with SoftBank and Clearwire, and shows how Dish's interest could unravel transactions.
Tags: close
combination
signals
sprint
Softbank seeks to sell 67% stake in eAccess
2013-01-14 02:14:00| Telecompaper Headlines
(Telecompaper) Japanese communications provider Softbank is in talks with eleven companies to sell a 67 percent stake in its new subsidiary eAccess. Softbank acquired eAccess recently through a share swap and is now in negotiations to sell a roughly 6 percent stake each to eleven companies to reduce its stake to around 33 percent, the Nikkei reports. Buyers are thought to include Samsung Electronics, LM Ericsson, Nokia Siemens Networks, and Orix. Softbank is selling the eAccess interest to facilitate smoother upgrades of the telecommunications network through stronger ties with equipment vendors and to skirt the policy in Japan that limits spectrum allocations to companies with ownership in subsidiaries of over one third of shares. To prevent any impact on its US operations, Softbank is not selling stakes to Chinese vendors.
Tags: sell
seeks
stake
softbank
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