Japan's Softbank sells two-thirds of recent eAccess acquisition

The Japanese operator said it sold control to 11 firms including Samsung and Alcatel-Lucent subsidiaries

Japan's Softbank has sold off a large portion of a local carrier it acquired just weeks ago, as it looked to assuage fears over its expanded control of Japan's wireless spectrum.

The company, which runs one of Japan's largest mobile operators, said Thursday it sold off two-thirds of the voting shares in eAccess, a rival operator that focuses mainly on data services. Softbank made eAccess a subsidiary on Jan. 1.

Softbank had faced concerns that the purchase would give it too big a share of Japan's wireless bands, which are tightly regulated by the government. The company said that it informed Japan's Ministry of Internal Affairs and Communications of its intention to possibly sell off the stake in November.

The shares were sold to 11 buyers, including subsidiaries of Samsung Electronics, Alcatel-Lucent and Nokia Siemens, as well as several Japanese financial firms. Each now owns about a 6 percent voting stake in eAccess.

Financial details of the deal were not disclosed, though any income could help finance another Softbank acquisition, its deal to acquire U.S. operator Sprint for US$20 billion.

Softbank, led by charismatic founder and CEO Masayoshi Son, announced it had signed a $2 billion deal to acquire eAccess in October. The operator, which has piled on users in recent years but struggled with a reputation for poor network service, said the acquisition would help it quickly add high-speed LTE infrastructure, as well as access to more network frequencies.

Two weeks later, Softbank revealed another blockbuster deal, its agreement to acquire a majority stake in Sprint Nextel. Softbank is expected to aggressively compete on price in the U.S. market, a tactic it has used effectively at home in Japan.

Join the PC World newsletter!

Error: Please check your email address.

Tags business issues4gtelecommunicationCarriersinvestmentsSoftbank

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jay Alabaster

IDG News Service
Show Comments

Essentials

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?