SoftBank has announced an expansion of its global Internet of Things (IoT) business in the Asia Pacific (APAC) region, spanning 19 countries and regions, including Japan. SoftBank’s primary emphasis in this initiative will be directed towards marketing IoT services, with a key focus on promoting the 1NCE IoT Flat Rate connectivity offering. SoftBank aims to acquire a total of two million 1NCE IoT Flat Rate connections in APAC and other regions within its 2025 fiscal year.
SoftBank took an equity stake in 1NCE in April 2022 and agreed to exclusively market 1NCE IoT Flat Rate in 19 APAC markets. 1NCE IoT Flat Rate is available and at no additional cost, customers can also roam on 1NCE’s global network of more than 160 countries and regions.
SoftBank’s global expansion efforts will begin with a focus on its IoT business, primarily within the APAC region. “We’re extremely pleased to be able to fully expand our IoT business in the APAC region,” said Daichi Nozaki, senior vice president of SoftBank. “While we’ve been providing IoT services primarily in Japan and contributing to the digital experience (DX) of various industries there, we’ll collaborate with strong business partners like 1NCE and use our expertise gained in Japan to fully establish ourselves in APAC. Doing this, we’ll work to contribute to the digitalisation of the entire region and solve social issues.”
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