TOKYO—J-Phone Group on 1 November consolidated four companies of the group into one company to compete with its two rivals NTT DoCoMo and KDDI.
Due to the reorganization, the new J-Phone was born from J-Phone Communications, J-Phone East, J-Phone West and J-Phone Central. Japan Telecom holds the largest 45.05-percent stake in the new company, and Vodafone Group holds 39.67 percent. Vodafone holds 66.7 percent of Japan Telecom; the new J-Phone virtually became a subsidiary of Vodafone Group.
Yoshiro Hayashi, former president of J-Phone East, assumed the chairman’s post of the new J-Phone. Daryl Green, a former president of AT&T, assumed the presidential post of the new J-Phone.
