Softbank Drops Lawsuit
Softbank Corp. has withdrawn a lawsuit against Japanese telecoms regulators over a slice of coveted bandwith it wanted for its planned entry into the mobile phone business, the Nihon Keizai Shimbun daily said. The business newspaper said Softbank may have dropped the suit against Japan’s Ministry of Internal Affairs and Communications so as not to hurt its chances for a potential business alliance with Fuji Television Network Inc.
The communications ministry has jurisdiction over broadcast licenses. No one at Softbank was available for comment. Softbank filed a lawsuit against the government last year, demanding space on the 800 megahertz spectrum, which is already occupied by Japan’s two largest mobile operators, NTT DoCoMo Inc. and KDDI Corp. Full story Here.