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Last updated on February 13, 2012 at 7:51 EST

Softbank to Start Cut-Rate Fixed-Phone Service in Dec.

August 30, 2004

Tokyo, Aug. 30 (Jiji Press)–Softbank Corp said Monday it will start a new cut-rate fixed-line phone service on Dec. 1, using a telecommunication network run by its Japan Telecom Co. unit and building related equipment.

Subscription to the new service will be accepted from September, said Softbank, an investor in Internet-related businesses.

The basic monthly charge for the new service will be 200 yen less than that of Nippon Telegraph and Telephone Corp. .

Subscribers to the new service will also be spared of an expensive one-time phone line fee, which is charged by NTT to its new subscribers.END