• Kyodo News


Softbank Corp. will strengthen support for Willcom Inc.’s rehabilitation process, signing a fresh deal to help turn around its existing personal handy-phone service.

Softbank, which has been offering advice to Willcom on cost-cutting measures for the existing service, said it will send an administrator for the rehabilitation and will help the PHS operator repay ¥41 billion in debt under the sponsor deal.

Softbank, which operates mobile phone carrier Softbank Mobile Corp., decided on the deal after receiving a strong request from a court-appointed administrator for more direct assistance for the PHS operator’s turnaround.

Under a basic rehabilitation agreement reached in March, Softbank is involved in turning around Willcom’s high-speed, next-generation PHS service, known as Willcom Core XGP, but did not offer to assist the existing PHS business.

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