SoftBank launches used car subscriptions as telco growth slows

SoftBank launches used car subscriptions as telco growth slows

SoftBank said Tuesday it has launched a subscription service that allows customers to drive a used car at a fixed monthly rate as it attempts to diversify its business portfolio amid slow growth in its flagship mobile phone business.

The Japanese company has set up Carro Japan in Tokyo, a joint venture with Singaporean online used car retailer Trusty Cars for the new service.

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