IPMobile announced that its major shareholder, Multimedia Research Institute Corp., has reached an agreement with Mori Trust Co., Ltd. to transfer its stocks, therefore Mori Trust will become IPMobile’s major shareholder. According to the statement, IPMobile will review its capital structure and continue to raise investments required to launch commercial services. IPMobile is currently in talks with Mori Trust Co., Ltd. and will make an announcement about the timing of the launch and the details of its service once an agreement is reached.

Furthermore, IPMobile denied rumors that it is giving up its 2GHz spectrum allocation as reported in certain media. IPMobile IPMobile received its allocation of 2GHz spectrum from the Japanese
Ministry of Internal Affairs and Communications on November, 2005. It aims to commence the first wireless broadband service in Japan using TD-CDMA technology.

Related posts:

1. IPMobile Ownership Saga Continues
2. NextWave Wireless to Aquire IPMobile
3. IPMobile Makes 11th Hour Move
4. IPMobile Files for Bankruptcy
5. IPMobile Tests 42MB Wireless

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!