SoftBank borrows $282M to boost its 5G network in Japan
By MYBRANDBOOK
SoftBank is borrowing about $282 million (35,059,487,624 yen) for the development of 5G base stations with the aim of further strengthening its 5G network in Japan. According to SoftBank, at the end of March 2022, it covers 90% of the Japanese population with its 5G network.
But this new loan financing will go toward increasing the population coverage ratio to 95% by the end of March 2024 through further expansion (using terrestrial 5G base stations).
SoftBank also has a High Altitude Platform Stations (HAPS) initiative that is working to provide a “stratospheric communication platform that provides a communication network from the stratosphere to a wide area…and realizing a society where everyone can connect to a stable communication network.”
In September 2021 SoftBank acquired approximately 200 HAPS patents from Alphabet’s Loon following the winddown of Loon. With these patents, SoftBank and its subsidiary HAPSMobile now own approximately 500 HAPS-related patents.
SoftBank said, “With this funding, we will further accelerate the strengthening and deployment of 5G networks.” Technologically speaking, SoftBank says it will automate and streamline various base station settings, communication tests, and radio wave emissions preparation, and will work on the early deployment of 5G networks.
SoftBank also said the funds would be “contributing to the solution of various social issues.” The company makes a connection between its 5G network and social issues because wireless is “indispensable social infrastructure for daily life.”
SoftBank wants to help Society 5.0 with its 5G network, using it as the foundation for innovative services such as automated driving, telemedicine, and smart cities, as well as industrial digital transformation (DX).
BREAKING NEWS
TECHNO TRENDS
Legal Battle Over IT Act Intensifies Amid Musk’s India Plans
The outcome of the legal dispute between X Corp and the Indian government c...
Wipro inks 10-year deal with Phoenix Group's ReAssure UK worth
The agreement, executed through Wipro and its 100% subsidiary,...
Centre announces that DPDP Rules nearing Finalisation by April
The government seeks to refine the rules for robust data protection, ensuri...
Home Ministry cracks down on PoS agents in digital arrest scam
Digital arrest scams are a growing cybercrime where victims are coerced or ...
E-Magazine
TECHNOTAINMENT
Hrithik Roshan to endorse RuPay as Brand Ambassador
RuPay is reportedly planning to feature Bollywood superstar Hrithik Rosha
India Today Group launches – AI Pop Stars
Staying true to our industry leadership position in using cutting-edge tech
MOVERS & SHAKERS
TelioLabs ropes in Phaniraj V A as the Group CEO
TelioLabs has announced the onboarding of Phaniraj V A as its new Group CE
Wipro Appoints Amit Kumar as Managing Partner and Global Head
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology s
OPEN YOUR EYES
INTERVIEWS
Delivering Critical Business Communication Solutions to Enterp
Arya Omnitalk and Syntel’s comprehensive suite of solutions and more than
Alcatel-Lucent Enterprise Carrying a 100 year legacy ahead
A good amount of R&D works and global support services are operated out of
HOT PICK
MSI Announces the availability of RTX 50 series of laptops in
MSI, the innovative computing manufacturer in gaming, creator
Nothing Phone (3a) goes on sale today, starting at Rs 19,999
The phone was launched on March 4, featuring a 50MP main, ultra-wide, and t
MAKE IN INDIA BRANDS
AMARA RAJA POWER SYSTEMS LTD.
TATA CONSULTANCY SERVICES
DIGISOL SYSTEMS LTD.
POLYCAB INDIA PVT. LTD
EMINENT CIO'S OF INDIA
ICONS OF INDIA
ICONS OF INDIA : SANJAY NAYAR
Sanjay Nayar is a senior finance professional in the Indian private in...
Icons Of India : RAJENDRA SINGH PAWAR
Rajendra Singh Pawar is the Executive Chairman and Co-Founder of NIIT ...
ICONS OF INDIA : SANDIP PATEL
Sandip Patel is the Managing Director for IBM India & South Asia regio...
PARTNER SPEAKERS
PSU
IOCL - Indian Oil Corporation Ltd.
IOCL is India’s largest oil refining and marketing company ...
PFC - Power Finance Corporation Ltd
PFC is a leading financial institution in India specializing in power ...
IREDA - Indian Renewable Energy Development Agency Limited
IREDA is a specialized financial institution in India that facilitates...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - PADMASREE WARRIOR, Founder, President & CEO - Fable
Padmasree Warrior, the Founder, President, and CEO of Fable, is revolu...
Indian Tech Talent Excelling The Tech World - JAYASHREE ULLAL, President and CEO - Arista Network
Jayshree V. Ullal is a British-American billionaire businesswoman, ser...
Indian Tech Talent Excelling The Tech World - ANJALI SUD, CEO – Tubi
Anjali Sud, the former CEO of Vimeo, now leads Tubi, Fox Corporation...
ITFORUM 2025
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
of images belongs to the respective copyright holders
