Announcement of Establishment of BBIX, IncJune 6, 2003
SOFTBANK BB Corp. (Head office: Chuo-ku, Tokyo; President and CEO: Masayoshi Son) is pleased to announce its decision to establish the IX service company, BBIX, Inc. ("BBIX"). The company is due to be established in early June.
The current domestic Internet environment in Japan is in need of more high-quality traffic control and nationwide decentralized IX to exchange traffic with each region. The new company, BBIX, is being established to contribute to the domestic Internet environment in Japan from the perspective of traffic management. The company aims to achieve more efficient traffic management by distributing mutual connection points in major cities throughout the country for the exchange of traffic among Internet service providers. The company will start to commence operations in early August this year.
|New Company name||BBIX, Inc (*planned)|
|Board Members||Not yet decided|
|Paid-in Capital||100 million yen (*subject to change)|
|Major shareholders and ownership ratio||SOFTBANK BB Corp. 100% (*subject to change)|
|Business||Development of distributed IX business with other centers
*IX: Place or function, which connects Internet service provider networks and relays traffic.
SOFTBANK BB Corp.
|Trade name||SOFTBANK BB Corp.|
|Head office||24-1 Nihonbashi Hakozaki-cho, Chuo-ku, Tokyo|
|Representative||President and CEO: Masayoshi Son|
|Date of Establishment||May 16, 2000|
|Date of merger||January 7, 2003|
|Type of Business||The Company engages in the provision of broadband infrastructure and services centering on Yahoo! BB as well as in technical development, marketing, sales and support. The Company offers IT-related distribution and services, supervises, and administers affiliated broadband and e-commerce companies.|
|Paid-in capital||63 billion Yen|
- The information is true and accurate at the time of publication.
Price, specification, contact and other information of products and service may be subjected to change. The information contains certain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.