Access Anywhere, Anytime. Cell Phones/PDA's join the Net Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Access Anywhere, Anytime. Cell Phones/PDA's join the Net

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: chirodoc who wrote (156)	8/29/1999 4:36:00 PM
From: Ellen	of 332

teledotcom.com August 26, 1999 Paging Dies In Japan By Reuters KANSAI TELE-MESSAGE, a Japanese pager service operator, Wednesday said it had decided to halt operations because its number of subscribers had plunged by more than 80 percent in four years, as mobile phones took over in popularity. The company said it would stop taking new subscribers in October and cease providing services by the end of the year. It hoped to begin legal procedures for its liquidation in January, a company official said. The company has debts totaling 18 billion yen ($162.4 million), he added. Its major shareholders include Kansai Electric Power and Japan Telecom. Kansai Tele-Message's number of subscribers has dropped to less than 150,000 from 740,000 in June 1995, the company said. In May, another pager service operator, Tokyo Telemessage, filed for bankruptcy with debts totaling 25 billion yen ($225.5 million). However, it said it would seek to rehabilitate its business with assistance from its shareholders.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next