News
Indian regulator investigates MakeMyTrip over Softbank bias
Indian regulator will investigate allegations that hotel-booking service MakeMyTrip gives special treatment to SoftBank-backed hotel chain Oyo. Read more…
SoftBank
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Softbank companies start earnings reports with rise in profits
Japanese IT services firm SB Technology booked a 41% rise in quarterly profit, marking the season’s first earnings report of dozens of SoftBank Group. Read more…
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Grab ups the ante in on-going battle with Gojek
Grab is in talks to merge OVO, an Indonesian digital payments firm, with an Ant Financial-backed local peer to build heft and power ahead of archrival Gojek. Read more…
Off the Wire
SoftBank selects Nokia for 5G RAN in Japan
Japanese telecoms operator, Softbank Corp., has selected Nokia as a strategic partner to drive its commercial 5G offering with the Nokia AirScale solution. Read more…
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Softbank shares jump after record buyback and profit surge
SoftBank shares jumped 17% on Thursday, adding $14bn to market value, after it unveiled a record share buyback and a surge in quarterly operating profit. Read more…
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Groove X unveils ‘affectionate’ companion robot in Japan
TOKYO (Reuters) – Japanese startup Groove X, founded by an alumni of SoftBank Group Corp’s robotics unit, unveiled its first creation on Tuesday – a companion robot designed to make users happy. The Lovot, an Read more…
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SoftBank networks hit by Ericsson software glitch
SoftBank, the third largest mobile operator inJapan, suffered a service disruption on its mobile and fixed-line networks due to faulty software from its equipment supplier Ericsson, which also impacted the vendor’s customers outside of Japan. Read more…
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SoftBank is clear to launch $21b telecoms unit IPO
TOKYO (Reuters) – SoftBank Group has won approval to conduct a 2.4 trillion yen ($21.04 billion) initial public offering (IPO) of its domestic telecoms business, in a deal that will seal the group’s transformation into Read more…
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Toyota and SoftBank team up for self-driving car services
TOKYO (Reuters) – Toyota Motor Corp and SoftBank Group are teaming up to develop self-driving car services, signalling deepening alliances between top automaker and tech firms as the global race to develop autonomous cars intensifies. Read more…
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SoftBank promises free electricity to solar alliance in 25 years
(Reuters) – Japan’s SoftBank Group has proposed to offer free electricity, after 25 years, to International Solar Alliance (IS) member-countries that sign power purchase agreements (PPA), chief executive Masayoshi Son said at a renewable energy Read more…