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1. • Approximately €473 million

     • SoftBank Corp. (TOKYO: 9434, “SoftBank”), a telecommunications and IT operator headquartered in Tokyo, and Cubic Telecom Ltd. (“Cubic Telecom”), a leading global provider of software-defined connected vehicle*1 solutions headquartered in Dublin, today announced they signed a definitive agreement whereby SoftBank will invest approximately €473 million*2 in Cubic Telecom for a 51.0% equity stake*3 in the company, at a valuation of over 900 million EUR.
     Reference:

     SoftBank Corp. Invests in Cubic Telecom to Pioneer the Future ...

2. People also ask

   Is Softbank a subsidiary of cubic Telecom?

   • SoftBank Corp. (TOKYO: 9434, “SoftBank”) today announced that Cubic Telecom Ltd. (“Cubic Telecom”), a leading global provider of software-defined connected vehicle (SDCV) * solutions headquartered in Dublin, became a subsidiary on March 6, 2024, with its acquisition of a 51.0% equity stake (after dilution).

   Cubic Telecom Now a Subsidiary of SoftBank Corp

   www.softbank.jp/en/corp/news/press/sbkk/2024/20240426_01/

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   What did SoftBank do with cubic Telecom?

   • 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.

   Cubic Telecom Now a Subsidiary of SoftBank Corp

   www.softbank.jp/en/corp/news/press/sbkk/2024/20240426_01/

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   Is cubic Telecom a strategic investment?

   • To be clear, Cubic Telecom’s investment is coming from SoftBank Corp., not SoftBank Group, nor the company’s storied Vision Fund, known — and occasionally notorious — for its outsized venture deals. In this case, the Japanese telecoms and IT division in Tokyo is putting in the money as a strategic investment.

   SoftBank Corp. takes 51% of Cubic Telecom for $513M to drive into the

   techcrunch.com/2023/12/04/softbank-corp-cubic-telecom/

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   Will SoftBank and Honda implement cubic Telecom's connectivity platform?

   • SoftBank and Honda will further explore implementing Cubic Telecom's connectivity platform going forward. Under its “Beyond Japan” strategic growth initiative, SoftBank will collaborate closely with Cubic Telecom to expand the deployment of its global connectivity platform for SDCVs and adjacent markets.

   Cubic Telecom Now a Subsidiary of SoftBank Corp

   www.softbank.jp/en/corp/news/press/sbkk/2024/20240426_01/

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3. www.softbank.jp › en › corpSoftBank Corp. Invests in Cubic Telecom to Pioneer

   www.softbank.jp › en › corp

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   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. Cubic Telecom is a leading global provider of connectivity solutions to ...

4. techcrunch.com › 12 › 04SoftBank Corp. takes 51% of Cubic Telecom for $513M to drive ...

   techcrunch.com › 12 › 04

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   Dec 4, 2023 · SoftBank Corp. takes 51% of Cubic Telecom for $513M to drive into the connected car world. Automakers and technology companies are building ever-more sophisticated digital platforms into the ...

5. www.softbank.jp › en › corpCubic Telecom Now a Subsidiary of SoftBank Corp.

   www.softbank.jp › en › corp

   • Cached

   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.

6. www.rcrwireless.com › 20231206 › carriersJapanese operator SoftBank acquires stake in Cubic Telecom

   www.rcrwireless.com › 20231206 › carriers

   • Cached

   Dec 6, 2023 · Under the terms of the deal, SoftBank committed to pay 473 million euros ($510 million) for the equity stake. With this investment, SoftBank and Cubic Telecom will form a strategic global partnership to focus on software-defined connected vehicles and other high-value Internet-of-Things (IoT) assets.

7. robots.net › news › softbank-corp-takes-51-stake-inSoftBank Corp Takes 51% Stake In Cubic Telecom For $513 ...

   robots.net › news › softbank-corp-takes-51-stake-in

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   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.

8. www.verdict.co.uk › softbank-corp-cubic-telecomSoftBank Corp to acquire majority stake in Cubic Telecom

   www.verdict.co.uk › softbank-corp-cubic-telecom

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   Dec 6, 2023 · SoftBank Corp has signed a definitive agreement to acquire a 51% stake in Irish software company Cubic Telecom for about €473m ($510m).