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SoftBank invests US$125m in Alphabet venture to put cellphone antennas in the sky

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[SAN FRANCISCO] A SoftBank Corp business seeking to find a way to fly cellphone antennas high in the atmosphere to provide internet in underserved areas said on Wednesday it was investing US$125 million in an Alphabet Inc spinoff working on the same problem. Read more at The Business Times.

A SoftBank Corp business seeking to find a way to fly cellphone antennas high in the atmosphere to provide internet in underserved areas said on Wednesday it was investing US$125 million in an Alphabet Inc spinoff working on the same problem.[SAN FRANCISCO] A SoftBank Corp business seeking to find a way to fly cellphone antennas high in the atmosphere to provide internet in underserved areas said on Wednesday it was investing US$125 million in an Alphabet Inc spinoff working on the same problem.

The companies described their partnership as a"long-term" tie-up of one of Japan's top three wireless carriers and one of the world's biggest tech companies. "Even in this current era of coming 5G services, we cannot ignore the reality that roughly half of the world's population is without internet access," Mr Miyakawa added.

 

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