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October 30, 2007

IPMobile Files for Bankruptcy

IT Media is reporting that IPMobile applied to the Tokyo District Court for voluntary bankruptcy today. The article states that their wireless business license was returned to the Telecommunications Ministry at the same time and indicates the company debt is about 900 million yen with 110 creditors.

This story has been a real roller-coaster over the last few months since Mori took over in the spring and sold to NextWave in July, only to have the deal fall apart in August and announce a last ditch effort just days ago with Hong Kong based Distacom. We can’t help but wonder if this is really the end or just another bump along the way?

Related posts:

  1. IPMobile Ownership Saga Continues
  2. NextWave Wireless to Aquire IPMobile
  3. IPMobile Makes 11th Hour Move
  4. IPMobile Announces Major Changes
  5. IPMobile Tests 42MB Wireless

previous post: Fujitsu to Spin-Off Handset Manufacturing :: next post: Kyocera Pilots Inside Contactless NFC

  • Mobikyo K.K. publishes Wireless Watch Japan, organizes MobileMonday Tokyo networking events and operates Mobile Intelligence study tours providing related custom research and advisory services. Mobikyo's founding directors are deeply connected with, respected by, and committed to, Japan's wireless and IT business community. Thousands of managers, planners, engineers and strategists depend on Mobikyo to learn about Japan's unique business models, technologies, contents, services, applications and hardware from the most innovative test-bed market for next-generation mobile industry. "Mobikyo" was chosen for the unique blending of Mobile and Tokyo. However, depending on the kanji character used for kyo, it could also mean association, capital, religion or today. With fantastic support from our clients, partners and affiliates in Japan and overseas, we have become the trusted source of independent market intelligence & business networking connections based in Tokyo.
  • MobileMonday Tokyo is a leading networking organization supporting Tokyo's mobile industry. We launched in September 2004, with over 70 events to-date, hosting an average 100-200 industry delegates. MobileMonday is an open platform for mobile industry visionaries, developers and industry insiders fostering cooperation and business development through live networking events to share ideas, best practices and trends from global markets. Chapters are active in over 100 cities worldwide and new locations continue to launch monthly. Founded in Helsinki, Finland, in 2000, MobileMonday is organized by a global team of 300+ volunteers and it has become the world's largest mobile community network. Details via MoMo Tokyo website
  • Mobile Intelligence offers related custom research and consulting designed specifically for industry executives working in sales, marketing, product development, strategy, venture capital and the media. From private workshops and conference presentations to trend spotting innovation and detailed analysis, our services are based on the direct experience and lessons learned in the Japanese mobile market. We also run a unique in-Japan guided tour service providing market introductions, personal connections and actionable lessons for clients overseas. Delegates take part in seminar and attend inside sessions, at individual companies, in technology showrooms, and -- most importantly -- on the fabled streets of Tokyo. Alumni return home with a competitive edge, integrated awareness and personal contacts moving them to the forefront of new business development. Full details via Mobile Intelligence website