SoftBank and Nippon Express to launch fleet management service - source (updated)

NIPPON EXPRESS HOLDINGS

14/10/2020 11:44

(Adds details of planned venture)
    TOKYO, Oct 14 (Reuters) - Wireless carrier SoftBank Corp
 9434.T  and logistics firm Nippon Express  9062.T  plan to
launch a joint venture offering fleet management services for
small and medium-sized logistics firms, a source familiar with
the matter said.
    SoftBank will own 51% of the venture, the source said, which
will offer a cloud-based service to monitor vehicles and help
improve efficiency. 
    Japan's third-largest wireless carrier is trying to growing
revenue outside its core mobile business as it faces a fresh
round of government pressure to cut prices. 
    A SoftBank spokeswoman said it had not announced such a
plan, which was first reported by the Nikkei business newspaper.
Nippon Express was not immediately available for comment outside
of normal business hours. 

 (Reporting by Noriyuki Hirata; writing by Sam Nussey; Editing
by Jason Neely and Jan Harvey)
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