Mobile operator eMobile has approached some of its relationship banks for a refinancing of its debt, TelecomFinance understands.
This refinancing comes more than four years after eMobile raised Y350bn (US$4.1bn) through equity and debt financing.
In…
Mobile operator eMobile has approached some of its relationship banks for a refinancing of its debt, TelecomFinance understands.
This refinancing comes more than four years after eMobile raised Y350bn (US$4.1bn) through equity and debt financing.
In April 2006, eMobile secured a seven-year debt facility of Y220bn (US$2.6bn) with ten domestic and international banks.
The coordinating agents at the time were: Mizuho Management Advisory, JPMorgan Chase Bank, The Bank of Tokyo-Mitsubishi UFJ, and Sumitomo Mitsui Banking Corporation.
The mandated lead arrangers were: ING Bank (Tokyo Branch), Aozora Bank, Calyon (Tokyo Branch), JPMorgan Chase Bank, Mizuho Bank, Sumitomo Mitsui Banking Corporation, The Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking Corporation, RBS (Tokyo Branch) and Goldman Sachs (Japan).
In July, eAccess, a Japanese telecoms company, merged its operations with that of eMobile. According to eAccess’s latest financial results, its current liabilities stood at Y125bn (US$1.5bn) and its long-term liabilities were of Y176bn (US$2bn) as of 30 September 2010.
Founded in 2005, eMobile’s subscriber base reached 2.5 million a few months ago.
