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SoftBank sets up Vision Fund to invest in tech sector

2016-10-14 08:03:00| Telecompaper Headlines

(Telecompaper) SoftBank Group will form a private fund to make investments in the technology sector globally. Via the SoftBank Vision Fund, SoftBank Group expects to invest at least USD 25 billion (approximately JPY 2.6 trillion) over the next five years. SoftBank Group has also signed a non-binding MoU with the Public Investment Fund of the Kingdom of Saudi Arabia (PIF), under which PIF will consider investing in the Fund and becoming the lead investment partner, with the potential investment size of up to USD 45 billion (approximately JPY 4.7 trillion) over the next five years.

Tags: tech sets sector vision

SoftBank to invest KRW 5 tln in South Korea tech sector

2016-10-03 08:59:00| Telecompaper Headlines

(Telecompaper) SoftBank plans to invest around KRW 5 trillion (approximately USD 4.5 billion) in South Korea's technology sector over the next 10 years, The WSJ reports, citing SoftBank CEO Masayoshi Son. According to a SoftBank spokesperson, during a meeting with South Korean President Park Geun-hye in Seoul, Masayoshi Son said the plans to invest in smart robots, the IoT and artificial intelligence. These areas are the focus for his company over the next 30 years, Son added.

Tags: south tech korea sector

Softbank to roll out LoRa network in Japan

2016-09-12 09:33:00| Telecompaper Headlines

(Telecompaper) Japan's Softbank announced plans to roll out a Low Power Wide Area network for IoT services. In the first phase, SoftBank will provide LoRaWAN services by the end of this fiscal year, promising "end-to-end IoT solutions, ranging from device and application support to consulting". The company is working with Actility, Hon Hai Precision Industry and Semtech Corporation to build its LoRaWAN ecosystem.

Tags: network japan roll softbank