• Bloomberg


EAccess Ltd., the first new entrant to Japan’s mobile-phone market in 13 years, said Monday it canceled a planned bond sale because of unfavorable market conditions.

The Tokyo-based company Feb. 21 submitted an application to the Finance Ministry to sell as much as ¥100 billion in bonds in the coming two years. The proceeds were to be used for repaying debt and for capital investment, the filing said.

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