a-week-in-tech-may-1519

A week in tech, May 15-19

A round-up of all the latest tech news.


Japan

Internet
ò Softbank reported its first profit in five years, with the company citing lower marketing costs and increased subscriber growth as the mains reasons for its good performance. The company reported net profit of Ñ57.6 billion $523.5 million for the year to March, compared with a Ñ59.9 billion $544.4 million loss a year earlier, with the gain partly ascribed to asset sales totaling Ñ194.2 billion $1.7 billion. Softbank said its Yahoo BB Internet service is gaining on former phone monopoly Nippon Telegraph Telephone in the high-speed web access market by offering cheaper rates. The company said its sales posted a 33-percent rise to Ñ1.1 trillion $10 billion. Softbank does not...
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