A software issue on Ericsson is said to be causing millions of mobile phone users around unable to use their smartphones. Japanese smartphone users on the SoftBank network and British customers on O2 are facing network outage as the 4G network crashed around 5 am local time in the UK. Continue reading “Ericsson acknowledges worldwide network outages, says it is working with operators to solve the issue”
Ola has secured a whopping $1.1 billion in fresh round of funding from China’s Tencent Holdings Ltd and existing investor Japan’s SoftBank. The homegrown company will use the funding to increase its numbers of drivers and expand presence to more cities. Continue reading “Ola raises $1.1 billion from Tencent and Softbank”
Ola has received a fresh round of funding from SoftBank, Tencent and other investors, according to a latest report from Bloomberg. The funding is also backed by venture capital fund jointly run by Indian industrialist Ratan Tata, the University of California’s investment arm and U.S. institutional investors. Continue reading “Ola raises $2 billion from SoftBank, Tencent and other investors”
Flipkart has raised a latest round of funding from SoftBank
Vision Fund. This is said to be the biggest ever private investment in an Indian technology company and will make the Vision Fund one of the largest shareholders in Flipkart. Continue reading “SoftBank Vision Fund invests in Flipkart to become one of its largest shareholders”
Japanese internet and telecom conglomerate, SoftBank’s 20 percent stake purchase in One97 Communications, the parent company of digital payments platform Paytm, has been approved by the Competition Commission of India (CCI). The approval comes two months after Paytm raised Rs 9,000 crores ($1.4 billion) from SoftBank, making it the biggest investment by the Softbank in the Indian internet ecosystem.
Continue reading “Softbank’s 20% stake buy in Paytm’s parent One97 Communications approved by CCI”
One97 Communications Ltd, the parent of Paytm, has secured a massive funding of $1.4 billion from Japan’s SoftBank Group Corp. The latest deal is in one of the largest funding rounds by a single investor. Continue reading “Paytm raises $1.4 billion from SoftBank”
If sources are to be believed, Apple would be investing a lot of money into a tech fund being setup by the Japanese technology firm SoftBank to explore emerging technologies.
Continue reading “Apple might invest a billion dollars into SoftBank’s tech fund”
SoftBank is all set to invest Rs. 2000 crore in homegrown taxi hailing service Ola, according to a latest report from Economic Times. Ola may raise USD 250-300 million in a new round of funding led by the Japanese telecom and Internet major, and other existing investors may also participate. Continue reading “SoftBank likely to invest Rs. 2000 cr in Ola”
Check out the new FoneArena Daily video that gives you a quick roundup of today’s technology news. Continue reading “Xiaomi Redmi Note 4 surfaces, OPPO F1s launching soon – FoneArena Daily”
SoftBank has agreed to buy chip giant ARM Holdings for a whopping 23.4 billion pounds ($32 billion), according to a latest report from the Financial Times. The deal is touted to be the largest ever acquisition of a European tech company.
Continue reading “SoftBank to buy ARM Holdings for $32 billion”
China’s Tencent Holdings Pvt. Ltd. has agreed to acquire a majority stake in Supercell, the maker of popular mobile game Clash of Clans. Tencent and its partners will together buy an 84.3% stake in Supercell for $8.6 billion from Japanese telecommunications firm SoftBank Group Corp.
Continue reading “Tencent to acquire Clash of Clans maker Supercell for $8.6 billion”
Snapdeal has secured $500 million in latest round of funding from Alibaba, Foxconn and existing investor SoftBank, according to a latest report from Re/Code. The news comes after a WSJ report from June said that Alibaba and Foxconn are looking to invest in Snapdeal.
Continue reading “Snapdeal secures $500 million in funding from Alibaba, Foxconn and SoftBank”
SoftBank is currently looking forward to acquire a 20% stake in Micromax, according to a report from Reuters. A group of investors led by Japanese telecom giant will make an investment of $1 billion in the Indian mobile manufacturer Micromax.
Continue reading “SoftBank eyeing 20% stake in Micromax for almost $1 billion”
Snapdeal has raised a whopping $627 mn in funding from Japan SoftBank. The news follows a report that came in two weeks back. Snapdeal plans to use this capital to ramp up technology and supply chain management.
Continue reading “Snapdeal secures $627 mn in funding from SoftBank”
This is the photo gallery of Fujitsu Arrows 201F smartphone. It is a carrier specific handset made for Softbank, a telecom operator in Japan.
