Softbank To Offer New Phone Service In Japan

Tokyo | Updated: Aug 31 2004, 05:30am hrs
Japanese telecoms operator Softbank Corp said on Monday it would launch a cut-rate, fixed-line phone service on December 1, hitting at the stronghold of Nippon Telegraph and Telephone Corp (NTT), the worlds largest telecoms operator by sales.

Softbank said the basic monthly fee for the new service would be 200 yen lower than NTTs, and estimated that the phone rate would be up to 55 per cent lower than that of Japan Telecom Co, a fixed line operator acquired by Softbank last month. The company said it would build its own relay facilities and make use of Japan Telecoms network.

The announcement followed a report on the Softbank move in business daily Nihon Keizai that said it aimed to have about 10 million subscribers, including companies, in three years.