Vodafone picks SoftBank for Japanese sale

Vodafone brushed off competing bids for the company's Japanese unit and announced a deal with SoftBank for $15.6 billion. Private U.S. equity firms Cerberus Partners and Providence Equity partners were scrambling to make a bid for the beleaguered unit, but a deal with SoftBank ensures a swift exit from the Japanese market and a quick return for investors. Vodafone said it will return $10.5 billion in cash to shareholders via a special dividend.

For more about Vodafone's sale of its Japanese unit:
- check out this article from Dow Jones

FREE DAILY NEWSLETTER

Like this story? Subscribe to FierceWireless!

The Wireless industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceWireless as their must-read source for the latest news, analysis and data on this increasingly competitive marketplace. Sign up today to get wireless news and updates delivered to your inbox and read on the go.

Suggested Articles

Dynamic spectrum sharing (DSS) garnered a lot of attention this year, underscoring its complexities and a bit of mystery. 

MoffettNathanson also thinks American Tower may not be able to monetize Verizon's C-band deployments as fully as its tower peers.

The companies say the demonstration confirms the usability of mmWave spectrum for 5G FWA coverage.