October 24, 2012

Softbank Plans to Develop Wind Power in Mongolia With Newcom - Businessweek

Softbank Plans to Develop Wind Power in Mongolia With Newcom - Businessweek: "Softbank Corp. (9984), the Japanese mobile phone company planning to invest $20 billion in Sprint Nextel Corp. (S), plans to develop wind power projects in Mongolia.

SB Energy Corp., Softbank’s clean energy unit, will set up a venture with Mongolia’s Newcom LLC as early as this month to conduct feasibility studies on wind power generation, Naoki Nakayama, a Softbank spokesman, said by phone today. Newcom invests in clean technology and infrastructure."

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