- SoftBank (OTCPK:SFTBY) has invested $7.5M in Altaeros, a startup launching a project to bring broadband wireless to rural areas, according to TechCrunch.
- SoftBank invested $7M in Altaeros in 2014, which went toward wind turbine development.
- The new SuperTower project utilizes tethered balloons to deliver the wireless similarly to Google’s Project Loon or Facebook’s Aquila.
- Altaeros claims to have an advantage due to being easier to integrate into existing systems than the competition.
- Previously: SoftBank CEO plans Uber or Lyft investment (Aug. 7)