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    9984   JP3436100006

SOFTBANK GROUP CORP.

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SoftBank : to Promote Non-Terrestrial Network (NTN) Solutions that Provide Connectivity from Space and the Stratosphere

06/08/2021 | 09:03pm EDT
SoftBank Corp. to Promote Non-Terrestrial Network
(NTN) Solutions that Provide Connectivity from Space
and the Stratosphere

Company aims to accelerate digitalization of industries
by utilizing communication services of Skylo, OneWeb and HAPSMobile

June 9, 2021
SoftBank Corp.

SoftBank Corp. ('SoftBank') today announced it will start promoting the deployment of Non-Terrestrial Network (NTN) solutions that provide connectivity from space and the stratosphere. SoftBank's NTN solutions will encompass the Geosynchronous Earth Orbiting (GEO) satellite NarrowBand IoT (NB-IoT) services provided by Skylo Technologies, Inc. ('Skylo'), which recently agreed to partner with SoftBank to provide satellite connectivity services in Japan. SoftBank's NTN solution portfolio will also include Low Earth Orbit (LEO) satellite communications to be provided by OneWeb Ltd. ('OneWeb') and High Altitude Platform Station (HAPS)-based stratospheric telecommunication platforms to be provided by SoftBank subsidiary HAPSMobile Inc. ('HAPSMobile').

The respective services of Skylo, OneWeb and HAPSMobile in SoftBank's NTN solutions lineup will offer unique advantages to meet the diverse needs of customers. Skylo's GEO satellite NB-IoT services are providing IoT connectivity for fishing, mining, shipping and other industries at more affordable prices than traditional GEO satellite services. OneWeb's LEO satellite-based services make it possible for governments, businesses and consumers around the world to enjoy faster communication services with less latency compared to traditional GEO satellite services. HAPSMobile's stratospheric telecommunications platform will be able to directly provide LTE and 5G connectivity, making it possible for customers to use their smartphones and other mobile devices without the need for special equipment, even if their region lacks traditional communications infrastructure.

To digitalize and transform analog industries without access to communication networks, SoftBank will aim to provide advanced and seamless connectivity services and Digital Transformation (DX) solutions in Japan and around the world.

Hidebumi Kitahara, SoftBank Corp. Vice President and Head of the Technology Unit's Global Business Strategy Division, commented, 'There are still many analog industries around the world that lack sufficient access to communication networks. Providing Internet access is the first step to digitally transform these industries, and we believe our NTN solutions will be extremely effective technologies to achieve this goal. With our NTN solutions powered by Skylo, OneWeb and HAPSMobile, we'll work to offer telecommunication networks globally.'

Skylo CEO and Co-founder Parth Trivedi commented, 'At the end of the day, customers just want seamless connectivity - we're finally able to do that at price points and at a form factor that has eliminated the historical disparity in addressable market size between users of terrestrial and non-terrestrial networks.'

Neil Masterson, OneWeb CEO, commented, 'OneWeb is pleased to be working in partnership with SoftBank to realize our shared vision of connecting the globe. Together, we will develop new technologies and products, as well as secure the licenses and build the ground stations that will enable us to provide telecommunications services in Japan and other key global markets.'

  • SoftBank, the SoftBank name and logo are registered trademarks or trademarks of SoftBank Group Corp. in Japan and other countries.
  • Other company, product and service names in this press release are registered trademarks or trademarks of the respective companies.

Disclaimer

SoftBank Group Corporation published this content on 09 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2021 01:02:01 UTC.


© Publicnow 2021
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Sales 2022 5 951 B 54 250 M 54 250 M
Net income 2022 1 054 B 9 609 M 9 609 M
Net Debt 2022 13 879 B 127 B 127 B
P/E ratio 2022 12,1x
Yield 2022 0,66%
Capitalization 11 712 B 107 B 107 B
EV / Sales 2022 4,30x
EV / Sales 2023 4,15x
Nbr of Employees 58 786
Free-Float 49,4%
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Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
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