Softbank-led group plans $2.1 bln WiMAX investment
A consortium led by Softbank Corp 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 and KDDI Corp 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 in its bid.
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