Japanese wireless service operator Willcom Inc., owned by U.S. investment fund Carlyle Group and Japanese electronics firm Kyocera Corp, will soon start choosing book-runners for its public share offering planned as early as next year, financial sources said. Willcom added 64,900 subscribers in February for a total of 3.8 million — an increase of 25 percent since March last year when it introduced the flat-rate voice plan.
Vodafone K.K. today announces the introduction of a new function to its Global MMS*1 service for Vodafone K.K. 3G handsets*2 which displays mails written in foreign languages. At the time of launch on 3 April 2006, customers will be able to send mails in Japanese to China Mobile and China Unicom customers, and also receive mails written in Chinese from customers using these same operators. Vodafone K.K. plans to expand this capability to more countries and regions that use non-English languages.
NTT DoCoMo, Inc., Credit Saison Co., Ltd., Mizuho Bank, Ltd. and UC Card Co., Ltd. today announced a joint agreement to promote DoCoMo’s iD credit card brand. Under the agreement, Credit Saison will give their credit card owners the option of making payments via iD. Mizuho Bank will also give the same option to the holders of Mizuho Mileage Club Card, an ATM card with credit card functions issued by Credit Saison. UC Card will work to expand acceptance of the iD brand at its participating shops nationwide.
Vodafone, the beleaguered mobile giant, bowed to investor pressure last night, announcing the sale of its failing Japanese division for up to 8 billion British pounds. The proposed sale of the Vodafone KK business to SoftBank, the Japanese internet giant, sent shares in Vodafone surging, adding 5.6 billion to its stock market value. The move to sell the business, which accounts for 20 per cent of Vodafone’s revenues, was also hailed as a landmark move marking the end of the group’s empire-building strategy. A successful sale would mark the first major sell-off by the group in its history.
Vodafone Group Plc said on Friday it was in talks to sell its struggling Japanese business to Internet communications conglomerate Softbank Corp. Sources close to the matter said the two companies were in the final stages of talks, and a deal could be reached as early as this month. Vodafone said the talks may or may not lead to a deal, and a further announcement would be made in due course.
Mitsubishi Soyea Mobile Communication Equipment Co., Ltd. announced the Japanese party would remove the investment and the company would dismiss its branches in Beijing, Shanghai, and Guangzhou. According to the announcement, all the staff of the venture except those at the Hangzhou production base would be dismissed. Mitsubishi Soyea Mobile Communication Equipment was a joint venture between Mitsubishi Electric and Soyea Technology that was controlled by the Japanese company.
