Arab Today, arab today softbank to sell eaccess stakes
Last Updated : GMT 21:50:13
Arab Today, arab today
Arab Today, arab today

Softbank to sell eAccess stakes

Arab Today, arab today

Arab Today, arab today Softbank to sell eAccess stakes

Tokyo - AFP

Japanese telecommunications firm Softbank has decided to sell a two-thirds stake in eAccess, a smaller mobile service provider, to Samsung Electronics and 10 other companies, according to reports. Softbank, which last year signed a $20 billion takeover of US firm Sprint Nextel, is in talks with 11 possible buyers, including Ericsson and Nokia Siemens Networks as well as Japanese firms, the Nikkei newspaper said on Saturday. Cutting its eAccess stake to below one-third will enable Softbank to skirt the government policy on spectrum allocation to telecom service providers, the Nikkei said. Softbank turned eAccess into a wholly owned subsidiary on January 1, and will remain its top shareholder with a 33-percent stake, major media said. But the communications ministry has viewed the purchase as running counter to the policy of allocating frequency bands fairly to cellphone carriers, Kyodo News said. Softbank is working toward selling a roughly six percent interest to each of the 11 companies by the end of this month, the Nikkei said. The company hopes that the sales could also facilitate better development and upgrades of its telecommunications network by strengthening ties with major foreign firms, the Nikkei said. Softbank also wants to tap the foreign partners\' know-how to improve its services, the Nikkei said. To prevent any impact on its American operations, Softbank has opted not to let any Chinese companies buy the eAccess shares, the Nikkei said. The US Congress has expressed concerns about the use of Chinese communications equipment in the country.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today softbank to sell eaccess stakes Arab Today, arab today softbank to sell eaccess stakes

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today softbank to sell eaccess stakes Arab Today, arab today softbank to sell eaccess stakes

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday