Softbank, the Japanese telecommunications giant, is gearing up to bolster its supercomputing capabilities in a bid to support its ambitious generative AI (GenAI) strategy. As reported by Nikkei, Softbank plans to allocate JPY150 billion ($960 million) over the next two years towards upgrading its computing infrastructure, a significant leap from the JPY20 billion invested last year.
ITU announced a 6G framework, advancing global standards with a focus on spectrum bands, capabilities, and use cases. Eutelsat OneWeb and Imperial College are teaming up to transform space weather monitoring. Google launched Gemini AI model with flexibility to process diverse data types. SoftBank acquires 51% of Cubic Telecom, forming a strategic partnership for software-defined connected vehicles.
SoftBank’s recent €473m acquisition of a 51% stake in Cubic Telecom indicates a growing confidence in connected vehicles’ market. Cubic’s unique software – already utilized in around 17 million vehicles worldwide – allows manufacturers to add new functionality over-the-air, enhancing safety and performance. According to McKinsey & Co, by 2030, 95% of new vehicles are anticipated to be connected, revealing the tremendous potential of this sector.
OneWeb’s constellation of low Earth orbit (LEO) satellites will enhance network coverage for Softbank, particularly in challenging regions. The move aligns with Softbank’s ‘Ubiquitous Network’ strategy, which unifies diverse non-terrestrial network (NTN) solutions to expand digital services. Besides its surprise partnership with SpaceX’s Starlink, Softbank continues to boost its stake in OneWeb, supporting its Japanese launch and integration into the Ubiquitous Network.
Starlink experienced a worldwide outage On August 30, the Starlink broadband satellite service experienced a three-hour disruption before returning to operation. Users in the United States, New Zealand, Mexico, and the Netherlands rushed to Twitter and Reddit to complain about service failures and interruptions. The satellite company made no comments on the reason for the outage and service delays. Read more at: https://tinyurl.com/yv7zk2yc Ameren will use Ericsson to power its private communications network Ericsson has stated that it will provide its Radio Access Network (RAN) and help power Ameren’s private communications network. This is the outcome of a recent infrastructure and service collaboration deal between Ericsson and Ameren that was signed for a period of ten years. As there won’t be any more external suppliers looking after the data and information on the network, Ameren will also have a higher degree of cybersecurity. Read more at: https://tinyurl.com/2s3vs4jd Sony reveals new…
SoftBank, a Japanese corporation, has announced the creation of an expanded evergreen fund dedicated solely to supporting Black, Latinx and Native American entrepreneurs in the United States. SoftBank’s $100 million Opportunity Growth Fund for underrepresented founders was announced in June 2020, and this pledge is a continuation of that fund. Up till now, the initiative has already benefited 70 businesses. About 55% of the first portfolio firms were formed by Black people, 40% by Latino people, and 5% by Black and Latino people. Despite this, the SoftBank Opportunity portfolio favors men, with only 13% of companies in the portfolio having been started by women of color. SoftBank Group announced a pledge to invest in underrepresented creators in the face of rising racial inequality, and the SB Opportunity Fund was formed in less than 24 hours. SoftBank is now doubling down on its first investment by making this initiative…
Deutsche Telekom and Softbank in a share-swap deal In a significant shake-up that reinforces the German group’s transatlantic emphasis, Deutsche Telekom has reached a $7 billion share-swap agreement with SoftBank Group to raise its stake in T-Mobile US. In addition, Deutsche Telekom has sold its Dutch subsidiary. As a consequence of the two transactions, Deutsche Telekom’s share in T-Mobile US will increase to 48.4 percent, moving it closer to its aim of gaining direct control of the $170 billion US telecoms operator. In exchange, SoftBank will receive cash and a 4.5 percent interest in Deutsche Telekom, creating a direct shareholding link. Read more at: https://tinyurl.com/32tvyn46 NEC expands its partnership with AWS NEC has stated that it will broaden its relationship with AWS to include 5G and digital governance. NEC aims to create an “end-to-end 5G offering” by integrating their cloud-native open 5G core with AWS’ cloud and edge services. According…
Orange considers buying infrastructure assets it sold almost two decades ago Orange is considering a probable purchase of the former telecommunications infrastructure unit TDF. The company sold TDF nearly two decades ago to lessen its debt. Orange is considering combining TDF with the recently established European mast company TOTEM, as infrastructure appraisals have recently increased with interest from investors such as the US private equity firm KKR and Spain’s Cellnex. TDF, previously known as Télédiffusion de France, operates TV and radio towers, mobile sites, as well as fiber infrastructure and related services through around 19,000 sites, of which 7,300 are active. Read more at: https://tinyurl.com/2etpjpjn AT&T to modernize U.S. DOT’s network AT&T and the United States Department of Transportation (DOT) have signed a 12-year, $175 million deal to assist DOT in upgrading its IP and voice infrastructure. AT&T will supply DOT with virtual private networking and secure cloud technology, together…
The SoftBank Group’s subsidiary Z Holdings has announced that after completing a merger with the popular messaging app Line, it will invest $4.7 billion into the venture and hire 5,000 artificial intelligence engineers over the next five years. The merger of the two Japanese companies has been in the works since 2019, but was delayed by issues related to Covid-19. The main business areas of the company will be communication and social media, electronic and mobile commerce, along with online search and advertising. With the launch of their new services and collaborations with companies such as for online advertising, the joint establishment aims to generate $18.7 billion in revenue and $2 billion in operating profit in the fiscal year 2023. Softbank Corp. and Naver Corp., the South Korean IT giant and major shareholder of Line, will each contribute 50 percent of capital required for the new intermediate holding…
Softbank invests $700m in Sinch The Japanese operator Softbank has invested heavily in the Swedish software company Sinch. According to Sinch, it will use the profit to finance further mergers and acquisitions. The Japanese company acquired a portion of the newly issued shares in Sinch, as well as some existing ones, from various major shareholders. The total share expenditure amounted to approximately $698.5 million. Sinch said that it will use the proceeds from the shares primarily for beef up its financial flexibility for undertaking new acquisitions. Sinch announced two takeovers, one of Brazil’s CRM Wavy for $119 million, as well as the SAP Digital Interconnect deal, which was a cash and debt-free transaction valued at approximately $270 million. Read more at: https://tinyurl.com/y5wgysrb Telefónica recently deployed nodes in Seville, Spain Telefónica has for the third time deployed edge nodes in its home country of Spain, recently launching this infrastructure in Seville.…
