Vodafone May Sell Japanese Arm
Vodafone has revealed it is in talks about selling its struggling Japanese phone business to internet and telecoms provider Softbank. Its Japanese subsidiary has been losing customers in the face of fierce competition from domestic operators such as NTT DoCoMo and KDDI. “Vodafone confirms it is in discussions regarding a potential sale of a controlling interest in Vodafone Japan to Softbank,” the company said in a statement. “These discussions may or may not lead to a transaction.”
See our Vodafone’s Japan Exit: Thinking the Unthinkable dated Feb. 2005 — Eds.