Softbank-led group plans $2.1 bln WiMAX investment

Thu Oct 11, 2007 1:54am EDT
 
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TOKYO, Oct 11 (Reuters) - A consortium led by Softbank Corp (9984.T) said on Thursday it planned capital investment of around 250 billion yen ($2.1 billion) by 2015 to develop next-generation wireless Internet access if it gets a licence to supply the service.

Softbank is competing with groups led by rival mobile carriers NTT DoCoMo Inc (9437.T) and KDDI Corp (9433.T) and also with handy-phone firm Willcom Inc, for two licenses to supply high-speed WiMAX connections.

Softbank has teamed up with ADSL provider eAccess Ltd (9427.T) in its bid.

 

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