SoftBank CEO fires industry warning shot
During his keynote at the GSMA Mobile World Congress, SoftBank chairman and CEO Masayoshi Son warned of a “depressing reality” for operators forced to cope with unprecedented levels of mobile data traffic and “zero growth” profitability. He forecast that data traffic will increase a 1,000 times from today’s levels in ten years, a situation he said would “only make [Cisco CEO] John Chambers happy.”