SoftBank Group to expand IoT business in APAC region

SoftBank announced that from October it will launch a full-fledged expansion of its global IoT business in the Asia-Pacific, or APAC, region. In this sales expansion that spans 19 countries and regions, including Japan, SoftBank will focus on marketing IoT services, mainly the “1NCE IoT Flat Rate,” an affordable global IoT connectivity service from German company 1NCE GmbH, to enterprise customers. SoftBank aims to acquire a total 2M 1NCE IoT Flat Rate connections in APAC and other regions within the 2025 fiscal year, which ends on March 31, 2026.