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Willcom is in talks to reorganize with the support of Japanâ€™s state-backed turnaround agency according to Nikkei English News – http://bit.ly/7FlGHK
Willcom Inc., a Japanese mobile- phone provider, is in talks to reorganize with the support of Japanâ€™s state-backed turnaround agency, Nikkei English News said, without citing anyone.
The Enterprise Turnaround Initiative Corp. of Japan is likely to emerge as the biggest shareholder under the plan, the report said. Softbank Corp. and Advantage Partners may also take stakes, the report said. Willcom and the turnaround agency may ask creditors for ten of billions of yen in debt relief, the report said.
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!