Word: softbank
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Dates: during 2000-2009
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...used monthly fixed-line fees as a multibillion-dollar annuity stream to fund growth enterprises such as DoCoMo, its successful mobile-phone service spun off in 1992 (NTT still owns 64%). But two new entrants in the fixed-line industry have rocked the company's complacency. Last August, Softbank, a leading Japanese broadband provider, announced it would begin offering traditional home-telephone services at a discount. Two weeks later, KDDI, Japan's second largest mobile-phone carrier, said it too was invading NTT's turf. NTT quickly reduced prices to match its competitors', but the cuts will hurt: Deutsche Bank...
...This raid on NTT's war chest could not come at a more critical time. Only about 40% of Japanese households currently have high-speed Internet access, meaning an all-out battle is being fought for the fast-growing market. Leading the charge has been Softbank, which initiated a broadband ADSL service in 2001 under the Yahoo! BB logo at rates that far undercut anything then on the market. In December that same year, it added VOIP (voice over Internet protocol)?telephony delivered over the Internet?at deep discounts to NTT's fixed-line phone fees. And in July...
...first as an engineer for IBM France and later as vice president of marketing for its Internet unit in the U.S. He left Big Blue in 1999, returning to France to take the job of CEO of @Viso, an Internet incubator formed by Vivendi and Japan?s Softbank. Now he is CEO of ActiVia Networks, an Internet infrastructure start-up in Sophia Antipolis, the high-tech center near Nice...
...Several strategic joint ventures aimed at turning the younger Li into Asia's most dynamic multimedia baron have failed to materialize in recent months. One deal was intended to enable CyberWorks to distribute Chinese-language content to the mainland. CyberWorks has also been unable to persuade Japanese Internet giant Softbank to distribute its Network of the World (NOW), a broadband Internet service delivered across Asia to television sets, computers and wireless devices. "This suggests it isn't as attractive as its potential partners once thought it was," says Chris Cheung, an investment analyst with Worldsec International in Hong Kong...