TOKYO — Japanese electronics company Sony Corp. and telecom giant NTT were among 28 groups bidding for satcasting licenses, the Ministry of Posts and Telecommunications said.
The ministry will grant licenses for a digital data satellite service that will start at the end of next year and it is expected to approve about five or six applicants. The decision is expected in December.
Industry watchers are keeping a close eye on the bid from NTT –which controls about 90% of Japan’s telecommunications market and runs the country’s largest fiber-optic networks. If it enters into broadcasting, industry watchers see a major realignment among broadcasting companies.
Major Japanese daily newspaper Mainichi Shimbun also submitted a joint bid with publisher-movie producer Kadokawa Shoten. Electronics firm Toshiba is also leading a joint bid.