The operator also says it has raised €255m through a special loan programme to further expand its network.
This means Softbank is well underway in achieving the government’s 5G coverage targets. The Japanese government recently set a goal for 95% of the country’s population to be covered with 5G by 2024.
Softbank says it will be using money raised through “social loans” to further expand its network. Money raised for this loan will only be used to expand the operator’s 5G network and build new base stations.
Softbank says it has established its social loan programme with the help of a Japanese company called Rating and Investment Information.