Softbank offers 1.96 bn to buy Tu-Ka mobile phone firms: report
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Japanese Internet firm Softbank has offered about 200 billion yen (1.96 billion dollars) to buy Tu-Ka mobile phone companies from Japan's second-ranked mobile phone carrier KDDI Corp., a news report said.
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Japanese telecoms and Internet  conglomerate Softbank Corp. (9984.T) plans to raise about 1.4  trillion yen (6.31 billion pounds) by securitizing the cash  flow of its Vodafone Japan operations, a source close to the  matter said on Tuesday.
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Softbank Corp (9984.T), Japan's smallest  mobile phone carrier, said on Monday it would not charge  monthly fees for three years to students signing up to the  carrier for the first time. Softbank, which is trying to grab  market share in a saturated market, outstripped bigger rivals  NTT DoCoMo Inc (9437.T) and KDDI Corp (9433.T) in netting new  users in December for the eighth straight month.
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Japanese communications firm Softbank is to buy the Japanese unit of Cable &amp; Wireless for $132 million (72 million pounds), making it the No
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(InfoWorld) - Vodafone Group has denied a Monday report by the Financial Times that it was considering buying Verizon Communications in a huge $160 billion deal. The paper, citing unnamed sources, said the international mobile operator was contemplating such a deal but hadn't approached Verizon and wouldn't necessarily go ahead with it. But Verizon's shares were up $1 at $42.76 in afternoon trading on the New York Stock Exchange. Vodafone issued a statement to the London Stock Exchange to squelch the report. "Vodafone notes press speculation that it is considering a possible offer for Verizon Communications. Vodafone wishes to make it clear that it has no plans to make such an offer," the statement said. Vodafone owns 45 percent of Verizon Wireless, the rest of which is owned by incumbent wireline carrier Verizon Communications. The dual ownership could tie Verizon's hands as it goes up against rival AT&T, which now owns all of its mobile business and is moving toward "quad-play" bundles of broadband, video, wireline voice, and mobile services. The arrangement gives Vodafone a stake in a profitable U.S. mobile business but doesn't allow it to chart its own course in the market. Vodafone tried to acquire AT&T Wireless in 2004 but was outbid by Cingular. The company has expanded aggressively in other countries, including Germany, where it bought Mannesman in 2000. Buying all of Verizon would create a company valued at about $300 billion. But as part of the deal, Vodafone might spin off Verizon's wireline business in order to build an all-wireless carrier, the Financial Times said. Verizon is the second-largest U.S. carrier behind AT&T in both wired and wireless customers. It had 60.7 million wireless subscribers and 7.4 million broadband customers at the end of the first quarter. Its Fios TV fiber-to-the-home service had attracted about 348,000 households. Verizon also operates a global enterprise communications business. Vodafone, based in Newbury, U.K., had 198.6 million customers across Europe, the Middle East, Africa, Â and the Asia-Pacific region at the end of last year.
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AT&T Inc , the biggest U.S.  phone company, wants to buy an unspecified stake in the mobile  arm of state-controlled phone firm Telekom Malaysia ,  a Malaysian newspaper reported on Wednesday.
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Japan's Softbank Corp , seeking  to lure more mobile phone users away from its bigger rivals,  plans to scrap monthly basic fees for three years for students  signing up to the carrier for the first time.
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Sanyo has agreed to sell its mobile-phone business to Kyocera Wireless for a net gain of $375 million. Under the deal, Kyocera will combine its mobile operations with Sanyo's human resources, technological capabilities and client base in North America, said Sanyo Executive Vice President Kentaro Yamagishi. Some 2,000 employees in Sanyo's mobile-phone business will continue to work for Kyocera once the transfer is completed, he added.
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UK-based Cable &amp; Wireless, which has been selling off pieces of itself or just discontinuing business in certain world markets it finds unprofitable, is trading its Japanese presence to that country&#39;s Softbank Corp.
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Telecom Italia (TLIT.MI: Quote, Profile, Research) on Tuesday offered to buy out minority shareholders in its mobile arm TIM in a 21 billion
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Telecoms operator BT Group said it had agreed to buy Californian voice and data network service provider Infonet Services Corp for 965 million dollars (520 million pounds).
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Britain's Vodafone Group  has  won the auction for a controlling stake in Hutchison Essar with  an offer that gives India's fourth biggest mobile operator an  enterprise value of just under $19 billion, a source close to  the auction said on Sunday.
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TOKYO Softbank, a Japanese investor and telecommunications operator, said Monday that it would offer a cut-rate, fixed-line phone service on Dec. 1, hitting at the stronghold of Nippon Telegraph Telephone.
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Telekom Austria AG said Monday it has agreed to purchase call rights to acquire Mobiltel AD of Bulgaria for about 1.6 billion euros ($2.09 billion).
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Japanese telecoms and internet firm Softbank is to launch a new cut-rate, fixed line phone service, which could hit the sales of the country's dominant provider NTT.
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Japan's Softbank Corp. said Thursday that its net profit more than quadrupled in the nine months to December as customers flocked to its mobile phones and its affiliate Alibaba.com listed in Hong Kong.
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Softbank's hopes of starting a mobile phone service were dealt a blow on Monday after the Japanese telecoms regulator decided not to allocate bandwidth to new entrants for the time being.