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Softbank to boost capex by 54 pct in 2010/11

TOKYO, March 30 (Reuters) - Softbank Corp 9984.T, Japan's No.3 mobile phone operator, said it plans to boost its capital spending by 54 percent to 400 billion yen ($4.3 billion) next business year, a potential boon to telecoms infrastructure providers such as Nokia NOK1V.HE and Ericsson ERICb.ST.

Softbank, which competes with NTT DoCoMo Inc 9437.T and KDDI Corp 9433.T, plans to double the number of its base stations to 120,000 in the year starting on April 1 to expand its coverage area.

The company, led by Chief Executive Masayoshi Son, offers fixed telecoms and a broadband Web connection service as well as wireless operations, but the mobile phone business has accounted for about 80 percent of its overall capital spending in recent years.

Softbank has procured telecoms infrastructure-related gear mainly from Nokia and Ericsson, a company spokesman said on Tuesday.

Shares in Softbank closed virtually unchanged at 2,312 yen, underperforming the Nikkei average .N225, which gained 1 percent. ($1=92.52 Yen) (Reporting by Kiyoshi Takenaka; Editing by Michael Watson)

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