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    9434   JP3732000009

SOFTBANK CORP.

(9434)
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SoftBank : to launch super-fast 5G services on March 27

03/04/2020 | 11:13pm EDT

Japanese wireless carrier SoftBank Corp. said Thursday it will launch its super-fast 5G services on March 27, becoming the first of the country's three major mobile carriers to release details of its next-generation telecommunications service.

SoftBank said it plans to charge an additional 1,000 yen ($9) per month for the 5G services, but will exempt existing and new customers for two years via a campaign that will run through the end of August.

The third-largest mobile phone carrier by the number of subscribers in Japan said it will provide 5G services in Tokyo, Osaka and five other prefectures as of March 31 and aims to install more than 10,000 network base stations by the end of March 2023.

Customers are required to purchase a new handset with the capability to connect to the 5G network. SoftBank will sell two types on March 27 and introduce another two later this year.

SoftBank's rivals NTT Docomo Inc. and KDDI Corp. are expected to soon unveil when they will start their own commercial 5G services.

The 5G technology is expected to enable users to send and receive data some 100 times faster than the current 4G networks, allowing smartphone users to download a two-hour movie in a few seconds.

Such 5G services have already launched in the United States, South Korea and some countries in Europe.

==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.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
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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