Asia Bizz: Japanese mobile phone operator Softbank Mobile will soon be launching a new high speed wireless internet access service. Softbank is considered as the third biggest mobile phone operator in Japan.

The new service by the company will feature speeds of up to 110 megabits per second. Softbank released a statement which stated that the 4G service will be launched on February 24, 2012. The statement added that the new service will be 7 to 8 times faster than the current service in Japan.

The subscribers of the service will be charged 5,505 yen per month or 3,880 yen per month for Softbank Mobile customers with smartphone contracts.

The company is planning to get in to competition with the other players in the market like NTT Docomo’s extra high speed next generation LTE service, Xi. The NTT service offers mobile data communication at speeds of up to 75 mbps.

Softbank Mobile Corp was earlier known as the Vodafone KK and J-Phone which is the Japanese subsidiary company of mobile phone operator Softbank. Masayoshi Son is the CEO and the representative director of Softbank Mobile. The company operates W-CDMA network also known as UMTS 3G.