SoftBank Mobile Consummated Merger with Ymobile Corporation
OREANDA-NEWS. SoftBank Mobile Corp. ("SoftBank Mobile") today announced that on April 1, 2015 it consummated the merger with SoftBank BB Corp., SoftBank Telecom Corp. and Ymobile Corporation.
With this merger, SoftBank Mobile aims to maximize its corporate value by further concentrating the business resources held by each company and by enhancing the overall competitiveness of its domestic telecommunications businesses.
The newly merged SoftBank Mobile will, under SoftBank's corporate philosophy of "Information Revolution - Happiness for everyone," seek to create innovative services and improve operational efficiencies through structural reforms. It will also work to expand its business jointly with other SoftBank Group companies, in areas such as IoT (Internet of Things), robotics, and energy. Brand names of existing services will be maintained and mobile communications services will continue to be provided under the two "SoftBank" and "Y!mobile" brands.
An outline of the newly established company and its management team is as follows.
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