willcom Archive

  • $2.2 billion liabilities: Japan’s wireless carrier Willcom files for bankruptcy

    $2.2 billion liabilities: Japan’s wireless carrier Willcom files for bankruptcy

    Posted on February 19, 2010 | No Comments
    Wikipedia has a pretty useful list of countries by number of mobile phones in use, which shows that Japan (with around 100 million users) is the No. 7 in the world. The market is largely controlled by mobile carriers NTT Docomo, KDDI au and SoftBank Mobile but seemed big enough to offer enough room for a number of smaller competitors, too. Yesterday, however, a company called Willcom (one of said smaller players) announced it had to file for bankruptcy. The reason: With just $54 million in capital, Willcom managed to amass a whopping $2.2 billion in liabilities. It's the biggest bankruptcy ever in Japan's hyper-competitive mobile industry.

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  • SoftBank prepping bid for Willcom?

    SoftBank prepping bid for Willcom?

    Posted on November 27, 2009 | No Comments
    PHS is in a bit of a pickle right now -- the niche wireless standard has no path for technological growth, has just a handful of supporting carriers around the world, and frankly, was never intended for wide-area deployment to boot. That leaves Japan's PHS-powered network, Willcom, in the lurch, which explains why they've recently hooked up with HSPA giant NTT DoCoMo to launch modern data devices. Mooching off someone else's network isn't a long-term strategy for survival, though, so what's next? Reports are flying in Japan today that rival SoftBank may look at scooping up Willcom's assets in exchange for its debtors waiving some percentage of its $1 billion in IOUs; what SoftBank would ultimately do with that extra spectrum is unclear, but presumably they'd continue to run PHS for some predetermined period of time before transitioning it to HSPA or LTE. Of course, Willcom has a rep for releasing wild devices that avoid the beaten path set by its larger rivals, so here's a preliminary word to the wise, SoftBank: if you make this happen, keep the product people on board.

    SoftBank prepping bid for Willcom? originally appeared on Engadget Mobile on Fri, 27 Nov 2009 17:52:00 EST. Please see our terms for use of feeds.

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