Softbank Returns New License
Softbank Corp. told the government that the Internet conglomerate will return a license it acquired in November 2005 when the ministry also awarded new carrier licenses to eAccess Ltd. and IP Mobile Inc., Softbank said it has adopted the more cost-effective measure of using the infrastructure set up by Vodafone K.K., Vodafone Plc.’s Japan arm, rather than starting business from scratch. Softbank President Masayoshi Son met Heizo Takenaka, the communications minister, to inform him that he was returning the business license.