Japan Telecommunications Q1 2019
The Japanese mobile market shares will be reshuffled in the near future, which, coupled with the emergence of thefuture fourth operator, could invigorate the saturated market. SoftBank will take a 51% stake in LINE Corp’s mobile virtual networkoperator (MVNO) division LINE Mobile. We believe Rakuten's entrance as a full fourth mobile operator will push prices lower, bringmore competition and stimulate service innovation. Nonetheless, there is very little organic growth left and all the operators aredeveloping their data offerings to improve their ARPU's. NTT DoCoMo is aiming to launch 5G by 2020 and has already conductedtrials, as have SoftBank and KDDI.
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