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    9434   JP3732000009

SOFTBANK CORP.

(9434)
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SoftBank Corp. : and Smart Africa Secretariat Agree to Collaborate on Providing Affordable Broadband Solutions to Enable the Digital Transformation of Africa

06/30/2021 | 03:16am EDT

SoftBank Corp. to explore deployment of Non-Terrestrial Network (NTN) Solutions in suitable regions of Africa to connect the unconnected

SoftBank Corp. (TOKYO: 9434, “SoftBank”) and Smart Africa Secretariat (“Smart Africa”) today announced they entered a Memorandum of Understanding (MoU) to collaborate on innovative solutions towards achieving the vision of providing affordable broadband. Through this partnership, SoftBank and Smart Africa will work to bridge the digital divide by providing accessible and affordable internet connectivity to Africa’s underserved regions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210630005357/en/

Through various projects and activities, Smart Africa has an ambitious strategy to double broadband penetration to 51% in Africa by 2025. As part of achieving this vision, Smart Africa is working to implement the Bulk Capacity Purchase Project, an initiative that aims to deliver affordable internet connectivity for African citizens through the large-scale joint procurement efforts of Smart Africa member countries. To contribute to the Project, SoftBank will deploy its Non-Terrestrial Network (NTN) Solutions to reduce internet costs and build affordable internet infrastructure. SoftBank also became a Smart Africa Gold Member in October 2020.

SoftBank’s NTN Solutions will utilize the connectivity services of OneWeb, Skylo, and HAPSMobile, among other solutions, that provide connectivity from space and the stratosphere. SoftBank aims to deploy NTN Solutions in African markets by collaborating with Smart Africa and working closely with its member countries.

SoftBank and Smart Africa will begin their collaboration by identifying demand for NTN solutions and conducting further feasibility studies in the five African countries that have already expressed interest in the Bulk Capacity Purchase Project (the Republic of Djibouti, the Arab Republic of Egypt, the Republic of Kenya, the Kingdom of Morocco, and the Republic of Rwanda). SoftBank and Smart Africa will also draw up implementation plans and consider potential market entries in the future.

The partnership, with a vision to expand the area of work from internet infrastructure into digital transformation (DX), will boost the transition and development of a knowledge-based social economy in Africa. The collaboration will also align with the fundamentals of Smart Africa’s goal, which is the realization of a single digital market on the continent through Information and Communication Technology (ICT). To bridge the digital divide, SoftBank and Smart Africa will also study ways to collaborate and engage with organizations such as the HAPS Alliance, which seeks to promote the commercial adoption of HAPS, among others. Further, through a series of engagements in the coming future, this partnership will also consequently work to contribute to the United Nations’ Sustainable Development Goals (SDGs) by providing digital solutions that address societal challenges.

Contributing to the SDGs is a top managerial priority for SoftBank, and the company has identified six key initiatives (materiality) to achieve them. “Building high-quality social communication networks” is one such initiative, and SoftBank is working to build sustainable communication infrastructure so people anywhere can connect to stable and trustworthy networks.

“The vision of transforming Africa into a single digital market requires us to embrace partnerships. Therefore we are honoured to welcome SoftBank Corp. into the Smart Africa Alliance. Together, we will be able to inject further innovation into Africa’s digital innovation as we move towards creating a Single Digital Market by 2030”, said Mr. Lacina Koné, Smart Africa’s CEO.

“We believe our NTN solutions will be extremely effective technologies to provide connectivity to African countries and regions that lack sufficient Internet access. With our NTN solutions powered by OneWeb, Skylo and HAPSMobile, we’ll work closely with Smart Africa to provide telecommunication networks”, said Mr. Hidebumi Kitahara, SoftBank Corp. Vice President and Head of the Technology Unit's Global Business Strategy Division.

About Smart Africa

Smart Africa is an alliance of 32 African countries, international organisations and global private sector players tasked with Africa’s digital agenda. The alliance is empowered by a bold and innovative commitment by African Heads of State to accelerate sustainable socio-economic development on the continent and usher Africa into the knowledge economy through affordable access to broadband and the use of ICTs. With a vision to create a single digital market in Africa by 2030, the Smart Africa Alliance brings together Heads of State who seek to accelerate the digitalization of the continent and create a common market. Launched in 2013 by seven (7) African Heads of State, the Alliance now has 32 member countries, representing over 815 million people and over 40 Private Sector members committed to the vision and the advancement of Africa. Other private sector members of the Smart Africa Alliance include Facebook, Intel, Orange, Ericsson, Econet, Microsoft and Inmarsat among others. For more information:
Website: www.smartafrica.org
Twitter: @RealSmartAfrica
Facebook: RealSmartAfrica

About SoftBank Corp.

Guided by the SoftBank Group’s corporate philosophy, “Information Revolution – Happiness for everyone,” SoftBank Corp. (TOKYO: 9434) combines telecommunications services with cutting-edge technologies to create and operate new businesses. SoftBank Corp. serves more than 45 million mobile consumer and enterprise subscribers in Japan, and as part of its “Beyond Carrier” strategy, is redefining industries by leveraging its unique strengths as a network operator to fully harness the power of 5G, big data, AI, IoT, robotics and other key technologies. To learn more, please visit www.softbank.jp/en/


© Business Wire 2021
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Sales 2022 5 599 B 50 899 M 50 899 M
Net income 2022 520 B 4 731 M 4 731 M
Net Debt 2022 4 124 B 37 484 M 37 484 M
P/E ratio 2022 14,6x
Yield 2022 5,38%
Capitalization 7 512 B 68 362 M 68 285 M
EV / Sales 2022 2,08x
EV / Sales 2023 2,00x
Nbr of Employees 37 821
Free-Float 58,1%
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