Yahoo Japan Buys eAccess to Launch Yahoo!mobile
Yahoo Japan buys eAccess from SoftBank, with Willcom merger = 10M mobile customers, for $3Bn to launch Y!mobile http://bit.ly/1eefHII
Yahoo Japan Corp will buy mobile network operator eAccess from No. 3 Japanese wireless carrier SoftBank Corp for 324 billion yen ($3.17 billion) to launch its own mobile Internet service.
Yahoo Japan, the country’s biggest Internet portal and 42.6 percent owned by SoftBank, said on Thursday its new Y!mobile service would aim for more than 20 million users and would use a simple pricing structure to attract new customers.
The purchase, scheduled for June 2, will immediately follow eAccess’ planned merger with wireless provider Willcom, another SoftBank subsidiary. The two currently have about 10 million users combined. Full story via Reuters.