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Topic: Vodafone Japan


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  Vodafone in talks on £6bn exit from Japan | The Guardian | Guardian Unlimited
Vodafone is poised to pull out of Japan after admitting yesterday that it was in talks with the Japanese internet investment group SoftBank to sell its ailing mobile phone company there in a deal worth about £6bn.
Yesterday Vodafone admitted it was in discussions about "a potential sale of a controlling interest in Vodafone Japan to SoftBank" but stressed "these discussions may or may not lead to a transaction".
Vodafone Japan is valued on Vodafone's books at about £10bn but analysts reckon it is likely to fetch only about £6bn in a trade sale.
www.guardian.co.uk /frontpage/story/0,,1723232,00.html   (920 words)

  
 WebWire | Sale Of Vodafone Japan £6 Billion Return Of Cash
Under US GAAP, Vodafone expects the disposal of its interest in Vodafone Japan to result in a significant loss that will be recorded within its results for the year ending 31 March 2006.
Vodafone now expects to record an impairment charge in the second half of the year ending 31 March 2006 at the upper end of the £23 billion to £28 billion range indicated on 27 February 2006.
Vodafone is the world’s leading mobile telecommunications group with equity interests in 27 countries across 5 continents with 179.3 million proportionate customers worldwide as at 31 December 2005 as well as 32 partner networks.
www.webwire.com /ViewPressRel.asp?aId=11232   (1297 words)

  
 eurotechnology.japan.blog: Vodafone in Japan?
Vodafone is reported to prefer a cash deal, and Softbank has been reported to consider a leveraged buy-out (LBO) where Softbank will take debt against the to-be-acquired company.
An acquisition of Vodafone's Japan operations will be the completion of Softbank's march to build a full-scale telecommunications group on a par with NTT and KDDI through a series of acquisitions plus internal growth.
As reported by Bloomberg, one year ago Vodafone had the clear intention to remain in Japan for the next 10, 20, 30 years.
www.eurotechnology.com /blog/2006/03/vodafone-in-japan.html   (704 words)

  
 Softbank to raise $12 bln on Vodafone: source - Boston.com
Japan's Softbank Corp. <9984.T> plans to raise about $12 billion by securitizing earnings of the cell phone unit it bought from Vodafone Group PLC , a source close to the matter said on Tuesday, allowing it to secure funds at a lower rate than with conventional loans.
TOKYO (Reuters) - Japan's Softbank Corp. <9984.T> plans to raise about $12 billion by securitizing earnings of the cell phone unit it bought from Vodafone Group PLC , a source close to the matter said on Tuesday, allowing it to secure funds at a lower rate than with conventional loans.
Earlier this year, Softbank bought Vodafone Japan for 1.8 trillion yen after borrowing 1.3 trillion yen in short-term bridge loans, arranged by 17 banks led by Mizuho Financial Group, Deutsche Bank AG and Citigroup Inc.
www.boston.com /business/articles/2006/09/26/softbank_to_raise_12_bln_on_vodafone_source   (645 words)

  
 Vodafone signals retreat from world stage with Japan sale - Computer Business Review
Vodafone's expansion into foreign markets was characterized by Gent's strategy to acquire a stake in one of the leading operators in a particular market, and gradually increase the stake until it had achieved a majority shareholding.
Vodafone brought into Japan because it was one of the most advanced markets in the world, but after three years Sarin has failed to fix the operation.
Vodafone expects the transaction to complete in the first quarter of the financial year ending March 31, 2007 and said there are no underlying changes to the group's outlook statements.
www.cbronline.com /article_news.asp?guid=3E3CFB3F-6940-4EB8-9EF8-4AB038A37AC8   (1657 words)

  
 eurotechnology.japan.blog: Vodafone in Japan?
Vodafone is reported to prefer a cash deal, and Softbank has been reported to consider a leveraged buy-out (LBO) where Softbank will take debt against the to-be-acquired company.
An acquisition of Vodafone's Japan operations will be the completion of Softbank's march to build a full-scale telecommunications group on a par with NTT and KDDI through a series of acquisitions plus internal growth.
As reported by Bloomberg, one year ago Vodafone had the clear intention to remain in Japan for the next 10, 20, 30 years.
eurotechnology.com /blog/2006/03/vodafone-in-japan.html   (704 words)

  
 Vodafone to sell up and quit Japan - Business - Business - smh.com.au
Vodafone admitted last week it might have to cut about £5 billion from the value of its Japanese unit due to its poor performance.
Yesterday Vodafone admitted it was in discussions about "a potential sale of a controlling interest in Vodafone Japan to SoftBank" but stressed "these discussions may or may not lead to a transaction".
Vodafone Japan is on Vodafone's books at about £10 billion but analysts reckon it would fetch only about £6 billion in a trade sale.
www.smh.com.au /news/business/vodafone-to-sell-up-and-quit-japan/2006/03/05/1141493544775.html   (448 words)

  
 A Major Backfire in Japan Deflates Vodafone's One-Size-Fits-All Strategy - New York Times
Vodafone, which is based in London and also owns 45 percent of Verizon Wireless in the United States, now must win back customers if it is to revive what was once one of its most profitable units and a cash cow for its global operations.
Vodafone's woes in Japan are a lesson in how global corporations can stumble if they try to push a sales agenda across many national markets without heeding local quirks.
Vodafone said the decline was a main reason that the unit in Japan, called Vodafone K.K., reported a 15.4 percent drop in recurring annual profit in the year ended March 31, its most recent earnings period.
www.nytimes.com /2005/09/05/business/worldbusiness/05vodaphone.html?ei=5088&en=e5776882e95e6353&ex=1283572800&adxnnl=1&partner=rssnyt&emc=rss&adxnnlx=1125932710-7EapkbXcnOy9Hhr7TbF5oA   (916 words)

  
 Japan: Vodafone in Japan Telecom sell-off talks
Vodafone, the world's largest mobile phone operator, is in talks with Ripplewood, a US private equity group, to sell Japan Telecom, the fixed-line operator, in what could be the largest investment by a foreign fund in Japan, says the Financial Times
Vodafone shares bucked a negative market in London to rise 0.7% to 109.50p in morning trade as investors welcomed the deal and a number of brokers upgraded their forecasts for the stock following last week's positive figures from the company.
Vodafone was expected to try to off-load JT as soon as it acquired the group.
www.ebusinessforum.com /index.asp?layout=rich_story&channelid=4&categoryid=30&doc_id=6346   (402 words)

  
 CNN.com - Vodafone eyes Japan Telecom sale - Feb. 5, 2003
Vodafone Group, the world's biggest mobile phone operator, said on Wednesday it was in talks to sell Japan Telecom, its fixed-line business in Japan.
Vodafone is talking to U.S. investment fund Ripplewood, which became the first foreign investor to buy a Japanese bank when it took the failed Long-Term Credit Bank in 2000 and relaunched it as Shinsei Bank.
Vodafone rose 1 percent to 110 pence in early London trading on Wednesday.
www.cnn.com /2003/BUSINESS/02/05/vodafone/index.html   (447 words)

  
 Japan: An Operator at a Crossroads
There are already takers as Vodafone K.K. mulls the wholesale service business concept with Japan’s largest cable operator J:COM in initial talks with the carrier for a possible MVNO launch by the end of this year.
Vodafone’s step back from retail to wholesale may mean jeopardizing the carrier’s healthy survival in the increasingly harsh competitive environment of the Japanese mobile market.
Furthermore, Vodafone cannot compete significantly in a market where offensive plays by competition bundles product offerings across voice, data, access, and even on-demand entertainment services, in other words where the competitive advantage relies on the ability of the operator to cross-sell its services.
www.pyramidresearch.com /pai_oct14_japan.htm   (786 words)

  
 Vodafone sells Japanese arm | CNET News.com
Vodafone will receive $2.6 billion of preferred shares in Bidco and will now have the option to appoint a director to the board of both Bidco and Softbank.
Vodafone CEO Arun Sarin said in a statement: "In the case of Japan, we have been making progress on the turnaround in recent months.
He said: "Japan was viewed as one of those markets that Vodafone had to be in, especially given the technological role DoCoMo was playing with the development of 3G.
www.news.com /Vodafone-sells-Japanese-arm/2100-1039_3-6050806.html   (647 words)

  
 CNN.com - Vodafone Japan associate merges units - August 24, 2001 Posted: 1028 GMT
Vodafone currently holds a 45 percent stake in Japan Telecom and a direct 46 percent stake in holding company J-Phone, as well as stakes ranging from around 14 to 16 percent in each of the three regional J-Phone firms.
Vodafone will ultimately be appointing six out of a total 13 members of the executive board, it said.
Japan Telecom's shares ended the Friday session up 0.56 percent at 358,000 yen, in line with a modest 0.35 percent gain in the benchmark Nikkei share average.
edition.cnn.com /2001/BUSINESS/08/24/vodajapan.reut   (593 words)

  
 CNN.com - UK mobile phone giant in talks for controlling stake in Japan Telecom - Sep. 17, 2001
Vodafone, which holds a 45 percent stake in Japan Telecom, said in a statement it was discussing with East Japan whether to purchase all or part of its 15 percent stake in Japan's third-largest carrier.
Japan is bringing in 3G this year, before the technology becomes more widely available around the world, but there are question marks over how efficient the new technology is.
Japan Telecom shares were up 2.72 percent in early morning trade at 302,000 yen, outpacing its rivals Nippon Telegraph and Telephone Corp, Japan's top carrier, and number-two KDDI Corp, according to Reuters.
europe.cnn.com /2001/BUSINESS/09/17/vodafone   (421 words)

  
 BBC NEWS | Business | Vodafone sells its Japanese arm
Vodafone chief executive Arun Sarin said the price was "attractive", and promised to distribute £6 billion to shareholders.
The transaction, which is one of the largest acquisitions ever seen in Japan, is expected to be complete early next year.
Vodafone's Japanese subsidiary had been losing customers in the face of fierce competition from domestic operators such as NTT DoCoMo and KDDI.
news.bbc.co.uk /2/hi/business/4815732.stm   (314 words)

  
 Vodafone agrees to buy 15% of Japan Telecom for $2.2 billion - Dec. 20, 2000
After a battle for control of the Spanish company, BT and Vodafone agreed in June to carve up Airtel Móvil, giving Vodafone the right to increase its holding in Airtel to 55 percent, after which BT has the option to acquire the rest and to obtain an equal say.
Japan Telecom owns 54 percent of mobile-phone operator J-Phone, while Vodafone (VOD) has 26 percent and BT the other 20 percent.
Share in Vodafone (VOD) fell 2.8 percent to 247 pence, while BT (BT-A) dipped 2.9 percent to 612 pence.
money.cnn.com /2000/12/20/europe/vodafone/index.htm   (762 words)

  
 CNN.com - Vodafone's J-Telecom sale nears - Aug. 14, 2003
The deal has been expected for some time, with Japan Telecom saying in June it expected its talks with Ripplewood to be completed by the end of July.
UK-based Vodafone Group Plc is the world's largest mobile phone operator by market capitalization, though it ranks second to China Mobile by subscriber numbers.
Vodafone owns about two-thirds of Japan Telecom Holdings Co, which is Japan's No. 3 telecoms group behind NTT and KDDI.
cnn.com /2003/BUSINESS/08/14/japan.telecom/index.html   (236 words)

  
 Vodafone Japan to focus on young - Breaking - Technology - smh.com.au
The Japanese unit of British mobile giant Vodafone says it will try to gear itself to young, high-tech savvy people, admitting it has yet to develop a customer niche in the cut-throat market.
The total number of subscribers of Vodafone K.K. in June increased by 5300 but after five consecutive monthly drops, the total number fell to 14,966,600 at end-June from 15,211,000 in December last year.
For the financial year to March 2005, Vodafone K.K.'s operating profit fell 14.6 per cent to ¥158 billion ($A1.89 billion) on sales which were down 11.2 per cent to ¥1.47 trillion.
www.smh.com.au /news/breaking/vodafone-japan-to-focus-on-young/2005/07/13/1120934279570.html   (234 words)

  
 Vodafone sells Japanese unit to Softbank - MobileTracker
Vodafone Group today confirmed a rumored sale of its Japanese unit, Vodafone K.K. to Softbank for $15.4 billion.
Vodafone K.K. is the third largest carrier in Japan but has been struggling financially.
Vodafone shareholders were not too impressed with the deal, though they will be on the receiving end of the $15 billion sale price.
www.mobiletracker.net /archives/2006/03/17/vodafone-japan-sale   (214 words)

  
 Wall Street vulture fund in £9bn swoop for Vodafone's Japan arm - Independent Online Edition > Business News
Vodafone's board received the offer in a letter yesterday, it is thought, and now has to decide whether to scrap talks with Japan's Softbank.
Vodafone is now weighing up the risks of opening talks with the US bidders, nervous that Softbank could become angry.
Vodafone shares, which traded as high as 230p in 2001, recovered somewhat yesterday, up 3p at 130p, although one analyst said: "Until they are much higher than that you can't say that his [Sarin's] job is safe."
news.independent.co.uk /business/news/article351720.ece   (566 words)

  
 Vodafone sells Japanese arm | Tech News on ZDNet
Vodafone will receive $2.6 billion of preferred shares in Bidco and will now have the option to appoint a director to the board of both Bidco and Softbank.
Vodafone CEO Arun Sarin said in a statement: "In the case of Japan, we have been making progress on the turnaround in recent months.
He said: "Japan was viewed as one of those markets that Vodafone had to be in, especially given the technological role DoCoMo was playing with the development of 3G.
news.zdnet.com /2100-1035_22-6050806.html   (862 words)

  
 Vodafone advantage worked against it in Japan - vnunet.com
As Vodafone confirmed that it is in talks with Japan's Softbank Corp to sell its Japanese subsidiary, analysts said today that Vodafone's failure to adapt to local conditions had been its downfall in Japan.
Japan got an early start in 3G thanks to NTT's ground-breaking DoCoMo service, and approximately half of Japan's 100 million mobile phones are now 3G models.
Vodafone's two competitors in Japan's 3G market, leading mobile operator NTT DoCoMo and KDDI's Au service, sourced most handsets locally and both had approximately eight times as many 3G customers as the foreign-owned company.
www.vnunet.com /vnunet/news/2151424/vodafone-softbank-japan-ovum   (656 words)

  
 Slashdot | Vodafone Quitting Japan
Vodafone has been having a difficult time since they entered the Japanese market, a result of many blunders such as introducing Nokia brick phones where flip-phones are the norm and being slow to adopt 3G technology widely used by its competitors.
Vodafone stagnated at a crucial point unfortunately - they were technologically ahead of the pack - their stall allowed competitors to take up the slack and old behemoth Docomo to pull ahead as many customers returned to DoCoMo for the newest gimmicks while vodaphone coasted...
Vodafone's move with the 6210 was likely desparate (they've had service issues) but I am glad they made the move and paved the way for alternate models to finally be made available in a very stagnant phone market.
slashdot.org /articles/06/03/05/0623226.shtml   (4453 words)

  
 Vodafone licks its wounds after five years of failure in Japan - Times Online
Vodafone’s embarrassing pullout from the Japanese market comes as a new blast of competition was about to make its life in Japan even harder.
In the event, Vodafone has proved to be a slow learner and had very little success exporting to the rest of the group the handful of cutting-edge technologies that it has perfected in Japan.
Japan has also been the scene of one of Vodafone's most spectacular errors of judgment — the decision to introduce a range of clunky 3G Nokia handsets from the European market.
business.timesonline.co.uk /tol/business/markets/japan/article737262.ece   (1027 words)

  
 Softbank acquires Vodafone (Japan) for $15.5 billion - The Money Times
The U.K.-based company, Vodafone, is said to be pulling out of Japan less than five years after entering Asia’s most advanced cell phone market, just ahead of the implementation of changes that promise to shake up Japan’s mobile market and squeeze the subscriber base of third-place Vodafone.
Another upheaval that Vodafone would have had to face is the planned entry of three new companies, into the already crowded market.
Hence, the purchase of Vodafone’s Japan operations by billionaire founder Masayoshi Son implies that Softbank directly gets 15 million customers and saves on the cost of building a mobile infrastructure from scratch.
www.themoneytimes.com /articles/20060317/softbank_acquires_vodafone_japan_for_15_5_billion-id-10147.html   (568 words)

  
 RTÉ Business: Vodafone pays $2.6 billion for Japan Telecom
The UK firm is already Japan Telecom's largest shareholder with a 45% stake and the bid, if successful, would boost its holding to 66.7%, giving Vodafone management control.
In May, Vodafone increased its stake in Japan Telecom to 45% and boosted its shareholding in mobile subsidiary J-Phone to around 60%.
Japan Telecom recently revised down its earnings forecast for the current year to March, citing intense competition both at home and abroad.
www.rte.ie /business/2001/0920/vodafone.html   (371 words)

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