About this weblog

What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Friday, August 21, 2009

Softbank Bucks Downward Trend

Softbank said at the end of July that its revenues rose 3% year-on-year to 666.3 billion Japanese yen (7.1 billion US dollars) in the quarter ending June 30, thanks primarily to a 9% jump in sales in its mobile communications division.

Softbank's mobile division increased its number of subscribers by almost 10% to almost 21 million, of which 93% now have a 3G device. Softbank said it plans to reduce capital spending to 220 billion yen in the year to March 31, 2010, down from 259 billion yen in the previous year source: Softbank statement

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