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- Cubic Telecom, which provides a software-based networking solution for vehicles (and other devices) to link up with mobile networks in whichever country they happen to be, has picked up €473 million ($513 million at today’s rates) from SoftBank Corp. SoftBank is taking a 51% stake in the Dublin-based startup, valuing it at just over $1 billion (€927 million).
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Dec 4, 2023 · SoftBank Corp. has 40 million mobile subscribers in Japan, and through its group companies, 60 million smartphone payment (PayPay) users, 85 million online media (Yahoo! JAPAN) users and 96 million communication app (LINE) users (as of November 8, 2023).
Dec 5, 2023 · While SoftBank has been providing global IoT connectivity services, mainly in Asia-Pacific markets, in this new strategic partnership with industry leader Cubic Telecom, SoftBank will be able to make a full-fledged entry into the rapidly growing IoT markets for connected cars and software-defined vehicles, giving it access to new revenue ...
In conjunction with Cubic Telecom becoming a subsidiary, SoftBank launched new collaborative initiatives, including sales cooperation to expand the sales of Cubic Telecom's global connectivity platform mainly in the Asia-Pacific (APAC) region and developing new services.
Dec 5, 2023 · SoftBank Corp has acquired a 51% stake in Cubic Telecom for $513 million, valuing the Dublin-based startup at over billion. The funding will be used to further develop Cubic Telecom’s technology and business and expand its presence in the connected car market.
Dec 5, 2023 · SoftBank Corp. will pay €473 million ($513 million) for 51% of Dublin-based Cubic Telecom Ltd., the companies said in a statement. The transaction values privately-held Cubic at more than...
Dec 5, 2023 · With this investment, SoftBank and Cubic Telecom will form a strategic global partnership to pioneer the future of software-defined connected vehicles and other high-value Internet-of-Things (IoT) assets* 4 by harnessing the power of global connectivity platforms.
