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    9434   JP3732000009

SOFTBANK CORP.

(9434)
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SoftBank : 12 telecom, aerospace firms tie up on flying telecommunication bases

02/21/2020 | 10:13am EDT

Mobile phone carrier SoftBank Corp. said Friday it and 11 other companies will launch an alliance to create airborne telecommunication base stations for worldwide connectivity.

The 11 companies are Loon LLC which is a unit of Google LLC parent Alphabet Inc., AeroVironment Inc., Airbus Defence and Space, Bharti Airtel Ltd., China Telecom Corp., Deutsche Telekom AG, Telefonaktiebolaget LM Ericsson, Intelsat US LLC, and Nokia Corp., Telefonica S.A. and SoftBank's unit HAPSMobile Inc.

The alliance will build on a tie-up between HAPSMobile and Loon announced last April to advance so-called high altitude platform station, or HAPS, business and launch a commercial service using unmanned aircraft flying in the stratosphere in 2023.

Such a connectivity platform is a "promising solution for expanding mobile coverage to areas where connectivity is lacking -- such as mountainous terrain, remote islands, marine regions and developing countries," SoftBank said in a statement.

The system is also expected to support growing demand to connect various devices and sensors using internet of things technology in sectors such as manufacturing and farming.

The members of the alliance, coming from Asia, Europe and the United States, will cooperate on promoting and building industry-wide standards and interoperability guidelines, while liaising with regulatory authorities in relevant countries.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
SOFTBANK CORP. 3.49% 1584.5 End-of-day quote.22.54%
SOFTBANK GROUP CORP. 2.76% 6627 End-of-day quote.-17.76%
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Analyst Recommendations on SOFTBANK CORP.
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Financials
Sales 2022 5 599 B 50 473 M 50 473 M
Net income 2022 520 B 4 691 M 4 691 M
Net Debt 2022 4 124 B 37 171 M 37 171 M
P/E ratio 2022 14,5x
Yield 2022 5,43%
Capitalization 7 458 B 67 366 M 67 227 M
EV / Sales 2022 2,07x
EV / Sales 2023 1,99x
Nbr of Employees 37 821
Free-Float 58,1%
Chart SOFTBANK CORP.
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SoftBank Corp. Technical Analysis Chart | 9434 | JP3732000009 | MarketScreener
Technical analysis trends SOFTBANK CORP.
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Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 1 584,50 JPY
Average target price 1 656,79 JPY
Spread / Average Target 4,56%
EPS Revisions
Managers and Directors
Junichi Miyakawa President, CEO & Representative Director
Kazuhiko Fujihara Chief Financial Officer & Director
Ken Miyauchi Chairman
Takashi Tsutsui Chief Scientist & Managing Executive Officer
Keiichi Makizono Chief Information Officer
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