Masayoshi Son-Led SoftBank, Other Japanese Telecom Giants Working On Establishing High-Speed Space Telecom Networks In Outer Space
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 08 2024
0mins
Source: Benzinga
- Japanese Telecom Giants NTT and KDDI in Space: Nippon Telegraph and KDDI Corp. are planning to build high-speed wireless networks in the stratosphere to connect Earth and the moon.
- NTT's Airborne Base Station: NTT will launch an "airborne base station" by 2026 as part of the NTT C89 orbital development program.
- SoftBank's HAPS Development: SoftBank Corp is working on a High-Altitude Platform Station (HAPS) project and plans to offer satellite-based telecom services in Japan.
- KDDI's Space Business Strategies: KDDI aims to establish a telecom network between Earth and the moon by 2028, with plans for 5G communications on the moon by 2030.
- Global Space Industry Growth: The move by Japanese telecom companies into space aligns with the rapid growth of the global space industry, with projections of the space business market reaching $1 trillion by 2040.
Analyst Views on NOK
Wall Street analysts forecast NOK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NOK is 7.36 USD with a low forecast of 6.50 USD and a high forecast of 8.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 6.500
Low
6.50
Averages
7.36
High
8.50
Current: 6.500
Low
6.50
Averages
7.36
High
8.50
About NOK
Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company's businesses include Nokia Networks and Nokia Technologies. The Company's segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies. The Ultra Broadband Networks segment comprises Mobile Networks and Fixed Networks operating segments. The IP Networks and Applications segment comprises IP/Optical Networks and Applications & Analytics operating segments. The Applications & Analytics operating segment offers software solutions spanning customer experience management, network operations and management, communications and collaboration, policy and charging, as well as Cloud, Internet of things (IoT), security, and analytics platforms that enable digital services providers and enterprises to accelerate and optimize their customer experience. The Company has Comptel Oyj among its subsidiaries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
