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Yahoo Japan has announced its intent to acquire mobile operator eAccess from Softbank for Y324bn (US$3.17bn).

Yahoo Japan has announced its intent to acquire mobile operator eAccess from Softbank for Y324bn (US$3.17bn).

Web firm Yahoo’s Japanese subsidiary has announced its intent to acquire mobile operator eAccess from Softbank for Y324bn ($3.17bn).

Yahoo Japan is actually part owned by Softbank, which controls approximately 35 per cent of its shares and around 42 per cent of its voting rights. Yahoo owns 35 per cent of the firm.

eAccess is the country’s smallest operator with 4.46 million subscribers as of December 2013, according to Informa’s WCIS. Market leader NTT Docomo, in comparison has 61.98 million subscribers, KDDI has 39.33 million and Softbank’s own branded operator business has 34.4 million subscribers.

Softbank noted that three directors of eAccess are also directors of SoftBank and one corporate auditor of the operator is also a corporate auditor of SoftBank.

However, the acquisition is conditional on the merger between eAccess and personal handy-phone (PHS) operator Willcom, a wholly owned subsidiary of Softbank.

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