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- 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.
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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 ...
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 ...
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 · LONDON/TOKYO (Reuters) - SoftBank Corp will invest roughly 473 million euros ($514 million) to take a 51% equity stake in Cubic Telecom that will give the Dublin-based connected-vehicle...
Dec 5, 2023 · Softbank Corp, the Tokyo-based telecoms and IT operator, has acquired a 51% stake in Cubic Telecom, a leader in software-defined connected vehicle solutions, for $476 million
