| | Telecom venture Heisei Denden abandons rehab effort - MSN-Mainichi Daily News (Site not responding. Last check: 2007-11-06) |
 | | Heisei Denden President Kenji Sato said the company will give up its court-administered rehabilitation efforts because Dream Technologies Corp. <4840>, its sponsor, has decided to pull the plug, questioning the effectiveness of its business reconstruction plan. |
 | | Heisei Denden, known for its "Chokka" cut-rate fixed-line phone service, had debts worth 130 billion yen at the end of March. |
 | | Tokyo-based Heisei Denden, established in 1990, was forced into the court-supervised rehabilitation process due to the heavy burden of capital investment and slow growth in the number of its subscribers. |
| mdn.mainichi-msn.co.jp /business/news/20060417p2g00m0bu063000c.html (425 words) |