1 Comment on “Softbank, Ripplewood, Japan Telecom

  1. Like I said before on the FG this morning…
    In less than 9 months, Ripplewood is gonna make back 50% of their investment back sell only a smallish PART of Japan Telecom. Nice!
    Softbank Says It’s in Talks to Acquire Stake in Japan Telecom
    May 25 (Bloomberg) Softbank is discussing the purchase with Ripplewood, a New York-based buyout fund, and pay more than 100 billion yen ($887 million) for a stake in Japan Telecom, the country’s third-largest fixed-line phone company, the Nihon Keizai reported, without saying where it obtained the information.
    Tokyo-based Softbank is also considering making the purchase through a holding company or a business integration, the paper said. The acquisition would expand Softbank’s customer base for its digital subscriber line to businesses, Nikkei said.
    Ripplewood in August agreed to buy Japan Telecom from Vodafone Group Plc, the world’s biggest mobile-phone operator, for 261 billion yen.