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June 23, 2005
eAccess Ltd.
(Code Number: 9427)

eAccess and So-net agree to work jointly on the commercialization
of the potential MVNO business

eAccess Ltd. (Headquarters: Minato-ku, Tokyo; Representative Director, Chairman & CEO Sachio Semmoto) and Sony Communication Network Corporation (Headquarters: Shinagawa-ku, Tokyo; Representative Director, Corporate Executive Officer and President Kenichiro Yoshida, hereinafter "So-net") have announced that they have reached an agreement to jointly assess the possibility of So-net providing MVNO (Mobile Virtual Network Operator*) services based on the W-CDMA and HSDPA mobile broadband network which eAccess is currently testing.

eAccess and So-net have been partners since eAccess began providing wholesale ADSL services to So-net. The two companies signed a memorandum of understanding, whereby they have agreed to jointly study the mobile broadband business, including its business models, marketing strategies, and services, to achieve an FMC (Fixed Mobile Convergence: Combining fixed and mobile communications) environment.

eAccess and So-net will work together to seek various possibilities for the mobile broadband services, such as video and music content distribution, and promote new ideas to enrich the everyday lives of their customers.

* MVNO (Mobile Virtual Network Operation)
A mobile operator that does not own its mobile infrastructure, but instead leases the facility for sale to its users.

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