SEBI needs to get tougher
The market regulator may remove the option to settle serious cases like insider trading without admitting guilt. That could lead to even less enforcement from the SEBI than at present. But if it hardens SEBI's resolve to land a high-profile conviction, such self-denying ordnance may be worth it, writes Jeff Glekin. Full Article
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Softbank among bidders for Carlyle's Willcom -media
TOKYO |
TOKYO Nov 27 (Reuters) - Softbank Corp (9984.T), Japan's No. 3 wireless carrier, is offering to buy struggling telecom firm Willcom Inc, the Yomiuri newspaper reported on Friday.
Willcom, whose top shareholder is private equity firm Carlyle [CYL.UL], is in the middle of turnaround efforts, asking its creditors to reschedule its debt payment.
Softbank is seen as a favoured bidder among several likely contenders including some funds, and Carlyle is likely to decide the buyer by the end of the year, Yomiuri said.
Softbank is eyeing Willcom's next-generation high-speed wireless network and its subscribers, the paper said. (Reporting by Taiga Uranaka) ((taiga.uranaka@thomsonreuters.com; +81-3-6441-1813; Reuters Messaging: taiga.uranaka.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))
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