A recent report from the Japanese media through Reference news network (RNW) disclosed that Softbank Group (SBG), a domestic communications subsidiary of Softbank Group (SBG), was listed on the main board of the Tokyo Stock Exchange on December 19. In a press conference held for the listing, Softbank’s president Miyazaki Miyazaki spoke on a number of issues bordering on the company’s plans. He spoke on the cost of the replacement of the Huawei Base Station technology which would amount up to 100 billion Yen.
The media has been awash with news that the Japanese government plans to remove Huawei-manufactured communication equipment around the country just as the US is doing. But Softbank president thinks that is a costly venture especially considering its wide usage in the country. He, however, stated that that company will henceforth make sure it obeys all the guidelines laid down by the Japanese government. He further stated that the replacement of the Huawei base station technology may cost tens of billions of yen in a year, nevertheless in a severe case, the cost could rise up to 100 billion yen in a year. Softbank’s vice-president, Myagwa also stated in the report that Huawei base stations that is in use in the field of 4G in the country need to be substituted.
Read Also: T-Mobile and Sprint merger deal approval reportedly hinged on ditching Huawei’s technology
Recall that Softbank-owned US carrier Sprint recently merged with T-Mobile but that deal is reportedly hinged on both company’s ditching the use of Huawei’s technology in their home countries.
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