Vodafone, the beleaguered mobile giant, bowed to investor pressure last night, announcing the sale of its failing Japanese division for up to 8 billion British pounds. The proposed sale of the Vodafone KK business to SoftBank, the Japanese internet giant, sent shares in Vodafone surging, adding 5.6 billion to its stock market value. The move to sell the business, which accounts for 20 per cent of Vodafone’s revenues, was also hailed as a landmark move marking the end of the group’s empire-building strategy. A successful sale would mark the first major sell-off by the group in its history.

No offense to the Timesonline, however we’d prefer to wait for Reuters Japan (who first announced a deal was in the works) to provide a ‘confirmed sale’ update — Eds

Full Article Here.

Related posts:

1. Vodafone sells Japan unit to Softbank for $11.9 bn
2. Vodafone Should Exit Japan/US
3. Vodafone to Quit Japan, in Talks to Sell to Softbank
4. Vodafone’s Japan Exit Alternative
5. Vodafone’s Japan Exit: Thinking the Unthinkable

Some sage advise when entering new turf; Stop, Look and Listen.. it’s also good to secure a local guide. Japan is the cradle of mobile civilization – we have been dedicated to this space since 2001 – trust our archives here offer some useful material.

Domestic activities continue to set the pace, and sharp players are looking at global markets. We have hard-earned industry expertise and trusted network of contacts with access to advanced intell. and potential deal flow. Need a lift.. Ok, buckle-up!