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SoftBank invests $60m into Axiatas AI unit
2021-05-11 02:00:00| Total Telecom industry news
Today, Malaysia’s Axiata Group has announced that Japanese conglomerate SoftBank is set to invest $60 million in their digital marketing unit ADA. The move will give SoftBank a 23% stake in the unit, which SoftBank says will become its core digital and data marketing partner in Asia. “This alliance with ADA heralds a new theme in this growth strategy as it will enable us to deploy our digital marketing business outside Japan…read more on TotalTele.com »
Tags: unit
softbank
invests
60m
Sinch raises SEK 3.3 bln in share sale, Softbank takes 10% stake
2020-12-01 12:35:00| Telecompaper Headlines
(Telecompaper) Swedish provider of cloud communications for mobile customer engagement Sinch said Softbank subsidiary SB Management will own approximately 10.1 percent of the company following a share issue and sell-down by larger shareholders of existing stock. Proceeds from the issue will be used to support potential acquisitions, a strategy that has the backing of SB Management.
SoftBank and KDDI have $38bn 5G investment plan
2020-11-04 01:00:00| Total Telecom industry news
Reports suggest that two of Japan’s biggest mobile operators are set to pump $38 billion into 5G over the next decade. The next-generation technology is expected to bring a major boost to the country’s economy – but only if it can be deployed efficiently and at scale. Despite all SoftBank, KDDI and NTT DoCoMo all launching 5G back in March…read more on TotalTele.com »
Tags: plan
investment
softbank
kddi
Softbank Group sells US mobile distributor Brightstar
2020-09-18 11:00:00| Telecompaper Headlines
(Telecompaper) Japan's Softbank Group said it has agreed to fully sell US mobile services unit Brightstar for an undisclosed amount to Brightstar Capital Partners (BCP), a private equity firm formed in 2015 by a former executive at Brightstar. Under the terms of the deal, Softbank will get cash and a 25 percent share in BCP. The transaction, subject to the usual approvals and closing conditions, should close by end March.
Tags: group
mobile
distributor
sells
Softbank exploring bid for TikTok operations in India - report
2020-09-04 14:52:00| Telecompaper Headlines
(Telecompaper) SoftBank said it is looking into making an offer for TikTok's Indian operations, together with a group of other bidders and local partners, Bloomberg reported, citing sources close to the matter. The investor has over the past few months held discussions with India's Reliance Jio Infocomm and Bharti Airtel. Talks fizzled, but Softbank is still exploring its options, the sources added.
Tags: report
india
operations
bid