HAPSMobile to invest $125m in Loon.

HAPSMobile, a subsidiary of SoftBank planning to operate HAPS networks, agreed to invest $125m in Loon, an Alphabet subsidiary working on providing Internet access to rural and remote areas. “Building a telecommunications network in the stratosphere, which has not been utilized by humankind so far, is uncharted territory and a major challenge for SoftBank. Working with Alphabet’s subsidiary Loon, I’m confident we can accelerate the path toward the realization of utilizing the stratosphere for global networks by pooling our technologies, insights and experience. Even in this current era of coming 5G services, we cannot ignore the reality that roughly half of the world’s population is without Internet access. Through HAPS, we aim to eliminate the digital divide and provide people around the world with the innovative network services that they need,” Junichi Miyakawa, SoftBank Representative Director & CTO.