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28.03.2014 08:17:00

eAccess Ltd -- Moody's: eAccess' ratings unaffected by announced sale to Yahoo Japan

Tokyo, March 28, 2014 -- Moody's Japan K.K. says that the 27 March announcement by SoftBank Corp. (Ba1 stable) that it will divest all of its ownership in eAccess Ltd. (Ba1 stable) and WILLCOM, Inc. (unrated) to its consolidated subsidiary Yahoo Japan Corporation (unrated), has no immediate impact on eAccess' rating. SoftBank will sell the two entities at an estimated price of JPY324 billion on June 2nd.

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