Softbank-led consortium to spend USD2.1b on WiMAX

11 Oct 2007

A group led by Japan’s Softbank Corp said today it plans to invest around JPY250 billion (USD2.1 billion) between now and 2015 to develop next generation wireless internet access services based on WiMAX technology, if it is successful in its licence bid. Softbank has allied itself with another Japanese broadband provider, eAccess, and together the companies are pitting themselves against rival bids from NTT DoCoMo (which is teaming up with Mitsui & Co, Doll Capital Management, ACCA Networks, Tokyo Broadcasting System and five ISPs) and KDDI Corp (whose team includes Kyocera Corp and East Japan Railway Company) for one of the two licences on offer.