I was going through some e-mail backlog from my move to Australia and came across this tidbit in the last J@pan Inc Music Media Watch newsletter. There’s been a shake-up at Japanese mobile content company Faith Inc, which leapt into the US mobile content market and then started getting out again.
Now its co-founder and COO Makoto Nakanishi will resign from the company and acquire 100 percent of its U.S. subsidiary, which will be renamed from Faith Communications to Voce Wireless, after its struggling luxury MVNO service launched in 2005.
Faith recently sold off its Moderati which we wrote about early in Feb. The story notes that some staff from Moderati devoted to platform development would remain with the group and revert back to the name Faith, Inc.
In Europe it has sold (or will sell) its subsidiary Digiplug. Management of the overseas
business will pass from Nakanishi to Faith CEO Hajime Hirasawa.
Related stories:
—Japan’s Faith Buys Online/Mobile Music Delivery Firm Rightscale
—Faith Inc Buys Takenet