SoftBank and Nippon Express to launch fleet management service: source
Reuters
Published Oct 14, 2020 06:51AM ET
TOKYO (Reuters) - Wireless carrier SoftBank Corp (T:9434) and logistics firm Nippon Express (T:9062) plan to launch a joint venture offering fleet management services for small and medium-sized logistics firms, a source familiar with the matter said.
SoftBank will own 51% of the venture, the source said, which will offer a cloud-based service to monitor vehicles and help improve efficiency.
Japan's third-largest wireless carrier is trying to growing revenue outside its core mobile business as it faces a fresh round of government pressure to cut prices.
A SoftBank spokeswoman said it had not announced such a plan, which was first reported by the Nikkei business newspaper. Nippon Express was not immediately available for comment outside of normal business hours.
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Written By: Reuters
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