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Business trends

Docomo, KDDI and SoftBank bet on 5G for new revenue streams

Carriers hope tech will offset hit from looming price war

5G wireless networks will smooth the way for everything from streaming 4K video to autonomous driving.   © Reuters

TOKYO -- Japan's big three mobile carriers are looking to enter new markets with the help of 5G technology as a fourth competitor threatens their hold over domestic consumers and the government pushes for ever steeper price cuts.

Facing the prospect of lower profit margins, the telecom companies are rushing to set up partnerships with big companies such as All Nippon Airways and Toyota to create new revenue streams beyond their core mobile operations.

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