According to a report by the Nikkei, carried on Reuters, Softbank Corp. will spend about 250 billion yen this business year on improving the Japan mobile phone business it has agreed to buy from Vodafone Group Plc. The investment would be more than the 215 billion yen Vodafone Japan spent a year earlier, the newspaper said.
Softbank Chief Executive Masayoshi Son said in March the company plans to strengthen Vodafone KK’s mobile phone line up, network quality, content and its sales and marketing strategy. Softbank plans to boost the number of base stations for 3G services to 30,000 from 20,000, the report added. Continue>>