Willcom and SOFTBANK MOBILE are expected to become wholly-owned subsidiaries

About WILLCOM under management rebuilding,Softbank became a sponsorBecame a wholly-owned subsidiary.

By sponsorship agreement"HYBRID W-ZERO 3" which changed 3G line from NTT docomo to SOFTBANK MOBILEAs Wilcom and SOFTBANK are tied together, SOFTBANK will incorporate nearly 3.8 million PHS users by converting it to a subsidiary.

Details are as below.
Softbank to dispatch president, with Willcom reorganization plan - Nikkei - Bloomberg.co.jp

According to this article, the Nihon Keizai Shimbun reported that the outline of the rehabilitation plan proposed by WILLCOM during the corporate reorganization proceedings to be submitted to the Tokyo district court on 14th was reported.

Although the source of information has not been clarified, it is said that Ken Miyauchi of SOFTBANK MOBILE, Vice President and Chief Operating Officer (COO) will be sent to the president of the reorganization company as Softbank's president, and surplus personnel comes out from WILLCOM Softbank Group will undertake that.

In addition, SOFTBANK has included fully making WILLCOM a wholly-owned subsidiary, and WILLCOM has reduced its capital by 100%, and investment fund Advantage Partners (AP) invested 300 million yen. And it is said that AP will transfer all of WILLCOM's shares to SoftBank at the same price. The debt of about 41 billion yen to financial institutions etc. will be settled in the next 6 years.

Just because the DDI pocket is the predecessor WILLCOM, it seems a bit strange that it will be under the umbrella of SOFTBANK Group, but it may be a good thing just that the fire of domestic technology PHS does not disappear.