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SoftBank appoints Google's Arora as vice-chairman, SIMI CEO
2014-07-18 04:58:00| Telecompaper Headlines
(Telecompaper) Japanese mobile operator SoftBank has appointed Nikesh Arora as its vice-chairman and CEO of SoftBank Internet and Media Inc (SIMI), effective October. Arora joins SoftBank from Google, were he most recently served as chief business officer. In his new position, Arora will contribute to defining, implementing and managing SoftBank's global growth strategy. In addition, as CEO of SIMI he will be directly responsible for overseeing SoftBank's internet, telecommunications, media and global investment activities.
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Eurobites: DT 'Close' to T-Mob Deal With SoftBank
2014-07-14 16:05:59| IT Services - Topix.net
Also in today's EMEA regional roundup: Snowden slams UK government's data-access proposals; big data types need to tread carefully; Telekom Austria and KPN in LTE roaming agreement.
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SoftBank reaches deal on T-Mobile takeover - report
2014-07-14 09:21:00| Telecompaper Headlines
(Telecompaper) SoftBank has reached a basic agreement to acquire T-Mobile US from Deutsche Telekom, the Nikkei reported. The two sides are still ironing out the details, and the deal would need clearance from US regulators. The Japanese carrier plans to buy more than 50 percent of T-Mobile shares through Sprint from Deutsche Telekom, which owns a roughly 67 percent interest. SoftBank will pay cash and use stock swaps to cover the estimated purchase cost of more than USD 16 billion, the report said. Eight financial institutions will bankroll the deal with credit lines of about JPY 4 trillion. Deutsche Telekom is reportedly concerned that T-Mobile's competitiveness will suffer if capital investment is put off during the regulatory approval process or if the deal is not approved. It is asking SoftBank to compensate if this happens. The two sides apparently have not finalized several other conditions as well, the Nikkei said.
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Softbank to buy 50% of T-Mobile US
2014-07-14 02:00:00| Total Telecom industry news
Parties reportedly reach basic agreement; eight banks to provide up to $40 billion in financing.
SoftBank CEO: sees new movement, hopes for more discussion after resistance on T-Mobile
2014-06-17 12:50:58| Telecom - Topix.net
SoftBank Corp CEO Masayoshi Son, who has met resistance from U.S. regulators to a possible acquisition of wireless carrier T-Mobile US Inc, on Tuesday said there had been new movement in the past few months and expressed hope for more discussion.
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