A new report has suggested that Japanese network operators, SoftBank and KDDI are planning on investing a total of 38 billion US Dollars for 5G networking in the country over the course of the next 10 years.
According to an ITHome report, the move from the Japanese carriers arrives as they plan on catching up to other developed nations that are currently racing to adopt the newer and faster generation of networking. 5G network requires a large sum of capital investment and it is expected that its applications will be spread across various industries, and not simply limited to mobile networking. This would also effectively boost the country’s economy as well.
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SoftBank recently planned on investing 2 trillion yen (roughly 19 billion US Dollars) to build 5G networking in the region. This would have the company build over 350,000 base stations within the next 10 years. At the moment, SoftBank is the first Japanese telecommunications company to announce its long term network development strategy but others are expected to soon unveil their own plans as well.
The company will be placing a focus on the commercial aspect of 5G, or in other words, push towards the consumer market. Its 5G network will support low latency and large data transmission. Furthermore, it is also hoping that its 5G base stations will promote further development of data intensive applications within other fields like IoT (Internet of Things), medicine, and even autonomous vehicles.
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