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5G networks

SoftBank holds back on 5G investment as licenses awarded

Plans to spend significantly less than rivals indicate caution over new tech

A SoftBank spokesperson said the company will invest in the 5G network coverage "by looking at demand." (Nikkei Montage)

TOKYO -- SoftBank Corp. has committed significantly less capital to roll out its superfast fifth-generation network than its peers NTT Docomo and KDDI, in a sign of caution over the nascent technology.

The investment figures were revealed in applications by the three carriers and Rakuten, a newcomer that plans to launch 4G services in October. The applications were approved by the Ministry of Internal Affairs and Communications and made public on Wednesday.

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