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January 15, 2005

Softbank Offers to Buy Tu-Ka Mobile

Softbank Corp. has offered to acquire the three Tu-Ka mobile operators from KDDI Corp. for more than 200 bn yen. The Nihon Keizai Shimbun said on Saturday that the three are Tu-Ka Cellular Tokyo Inc., Tu-Ka Cellular Tokai Inc. and Tu-Ka Phone Kansai Inc.

Ed’s Note: The Tu-Kas have a total of 3.5 million customers and an established PDC 2G network; this offer might prove to be a more effective mobile-market entry plan for Softbank than going through the courts for 3G spectrum. Watch to see how KDDI reacts. See the full article via: Japan Today.

 

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