Tuesday, March 21, 2006
SoftBank & YAHOO acquire Vodafone KK
The Deal
SoftBank and Yahoo-Japan acquired 97.7% of outstanding shares of Vodafone Japan (Vodafone KK) in Japan's largest M&A transaction (the remaining 2.3% are owned by other investors). In a Leveraged Buy-Out (LBO) a consortium of banks extended US$ 9.5 to 10.4 Billion in loans.
SoftBank's aim: grow to 26 million mobile subscribers and become No. 2 in Japan
SoftBank announced the plan to return to J-Phone's growth curve and to aim for 26 million subscribers, which would place the resulting mobile operator on place 2 in Japan.
Japan's new telecom landscape
Three major players emerge after a sequence of consolidation and restructuring: NTT, KDDI and Softbank/YAHOO.
For more information:
download our JCOMM-Report on Japan's telecom's industry
SoftBank and Yahoo-Japan acquired 97.7% of outstanding shares of Vodafone Japan (Vodafone KK) in Japan's largest M&A transaction (the remaining 2.3% are owned by other investors). In a Leveraged Buy-Out (LBO) a consortium of banks extended US$ 9.5 to 10.4 Billion in loans.
SoftBank's aim: grow to 26 million mobile subscribers and become No. 2 in Japan
SoftBank announced the plan to return to J-Phone's growth curve and to aim for 26 million subscribers, which would place the resulting mobile operator on place 2 in Japan.
Japan's new telecom landscape
Three major players emerge after a sequence of consolidation and restructuring: NTT, KDDI and Softbank/YAHOO.
For more information:
download our JCOMM-Report on Japan's telecom's industry
