Completion of Company Split and Increase and Decrease of
December 21, 2010
Capital, etc. of WILLCOM, Inc.
Wireless City Planning Inc.
WILLCOM, Inc. (hereafter “WILLCOM”), SOFTBANK CORP. (hereafter “SOFTBANK”), and Wireless City Planning Inc. (hereafter “WCP”) announce today the completion of company split, increase and decrease of capital and share transfer, etc. in accordance with the rehabilitation plan of WILLCOM (hereafter “the rehabilitation plan”).
As company split in accordance with the rehabilitation plan became effective today, WCP (Representative director: Masayoshi Son, a company invested by SOFTBANK, associations invested by funds served by Advantage Partners, LLP (WCP shares acquired by the aforementioned associations are entrusted to the Bank of New York Mellon Trust (Japan), Ltd.), and other investors) succeeded (a) XGP business, (b) assets for PHS business and XGP business such as power poles, and (c) status as a borrower of the lease contract for PHS and XGP base station sites, etc. from WILLCOM in accordance with the rehabilitation plan.
Increase and Decrease of Capital and share transfer
In accordance with the rehabilitation plan, outstanding stocks of WILLCOM were acquired gratis and cancelled, and WILLCOM issued 300,000 common stocks with 300,000,000 yen to APW Investment Limited Partnership invested by funds served by Advantage Partners, LLP. SOFTBANK purchased the aforementioned common stocks from APW Investment Limited Partnership with same price on the same day.
WILLCOM, SOFTBANK and WCP will strive for full-fledged development of wireless broadband, and make efforts for further development and vitalization of the information communication market.
Please refer to the attachment for a list of announcements regarding the procedures.
Announcements regarding procedures
|August 5, 2010|
|August 2, 2010|
|March 12, 2010|
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