Yahoo Japan acquires eAccess and starts own internet carrier, Y!mobile
Yahoo announced that it will acquire mobile internet service provider, eAccess, from SoftBank for JPY 324 billion (about USD 3.2 billion). eAccess is going to merge with Willcom, a mobile service provider, on June 1 in a pre-planned merger and then Yahoo is going to get 99.59% of the merged company, called Y!mobile, on June 2.
Through the acquisition, Yahoo Japan will, for the first time, run its own internet carrier and be better positioned to own more of the customer experience as connectivity for users increases to multiple devices through smartphones, tablets, etc.
The deal brings together Yahoo's internet service, with eAccess and Willcom's communication services, allowing further expansion of contents and E-commerce business for smartphones.