Monday, August 2, 2010

SoftBank Cranks Up Capex

Japanese mobile operator SoftBank said that its net sales increased by 5% year-on-year in the quarter ending June 30th to 700.8 billion yen (8.11 billion US dollars), boosted by a 8% rise in mobile communications revenues.

Aiming to double its number of base stations in Japan to 120,000, SoftBank said that it plans to spend 400 billion yen on capex in the year ending March 31st 2011, up from 222.9 billion yen in the previous year. source: SoftBank presentation

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