Willcom, eAccess to merge on 1 April 2014

4 Dec 2013

Japanese telecoms service providers eAccess and Willcom, both subsidiaries of SoftBank Corp, have signed a Memorandum of Understanding (MoU) to merge their operations, effective 1 April 2014, in order to better utilise their business resources. The merged company, which will operate under the eAccess banner, will serve more than ten million subscribers, including 4.4 million eAccess customers and 5.7 million subscribers to Willcom’s services. According to a joint press release, the enlarged company ‘will continue to expand the growth of both mobile and fixed broadband businesses provided by eAccess, as well as the personal handy-phone systems (PHS) business provided by Willcom, while paying special attention to the smartphone market where there is big potential for growth’.

The consideration payable to SoftBank Corp, which is the sole shareholder of Willcom, is currently under discussion and will be outlined in the merger agreement. Further, the merger plan will be presented for approval to the Board of Directors in late January 2014, and final approval is expected to be secured in mid-February 2014, at an extraordinary shareholders’ meeting.

Japan, eAccess, Willcom, Softbank Corp,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share