Press Releases 2005

Restructuring of the Broadband Business

Oct. 14, 2005

SOFTBANK BB Corp. (Head office: Minato-ku, Tokyo; President & CEO, Masayoshi Son; “SOFTBANK BB”), SOFTBANK CORP’s wholly-owned subsidiary, is pleased to announce a decision to conduct a business restructuring to further strengthen its broadband business.

1. Objectives of Restructuring

Four years have passed since Yahoo! BB ADSL, a broadband general service provided by SOFTBANK BB, started providing its services in September 2001. About five million lines are now connected and the service has grown to become the core business of the SOFTBANK Group.

The restructuring is now being conducted to manage the stable provision of the ADSL business for the long term, and the rapid development of new businesses, including the content service business that SOFTBANK BB will develop, the FTTH business and distribution.

2. Summary of Restructuring

  • (1) The modem rental business will be spun-off from the broadband business of SOFTBANK BB to become BB Modem Rental Inc., a company specializing in modem rental. (November 1)

  • (2) SOFTBANK BB will be divided into BB TECHNOLOGY Corp., specializing in the ADSL business, and SOFTBANK BB Corporation, specializing in other businesses such as the FTTH and distribution business. (December 1)

  • (3) BB Modem Rental Inc., will be sold to Yugen Kaisha Gemini BB, a Japanese company. (in December).

  • (4) A business trust agreement will be concluded between BB TECHNOLOGY Corp. and BB Modem Rental Inc.

3. Impact on the Company’s Earnings

The impact of the restructuring on the company’s results will be minimal.

4. Corporate Profile

SOFTBANK BB Corp.

Corporate Headquarters 1-9-1, Higashi-shimbashi, Minato-ku, Tokyo
President & CEO Masayoshi Son
Shareholder SOFTBANK CORP. 100%
Paid-in Capital 30,000,000,000 yen
Founded December 1, 2005
Business Content service business, FTTH business, distribution business and others

BB TECHNOLOGY Corp.

Corporate Headquarters 1-9-1, Higashi-shimbashi, Minato-ku, Tokyo
President & CEO Masayoshi Son
Shareholder SOFTBANK CORP. 100%
Paid-in Capital 119,900,000,000 yen
Founded May 16, 2005
Business ADSL business

BB Modem Rental Inc.

Corporate Headquarters 1-9-1, Higashi-shimbashi, Minato-ku, Tokyo
President & CEO Fumihoro Aono
Shareholder SOFTBANK CORP. 100%
Paid-in Capital 3,000,000 yen
Founded November 1, 2005
Business Modem rental business
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