Tag "Softbank"

SoftBank is acquiring Fortress Investment Group for $3.3bn

By : CIOL Writers

In a bid to broaden its business strategy, and its portfolio of investments, Japan’s SoftBank has announced that it is buying asset manager, the Fortress Investment Group for $3.3 billion in cash. The investment group has significant holdings in Lyft,

Another senior executive, Tony Navin quits Snapdeal after a seven-year stint

By : CIOL Writers

Barely two days after we heard about Snapdeal’s two senior executives- Abhishek Kumar and Sandeep Komaravelly quitting the firm, comes another piece of news about one more top level exit in the form of Tony Navin, head of partnerships and

SoftBank’s Q3 operating profit rises 71pc on the back of Sprint

By : CIOL Writers

Tokyo-based telecom and Internet giant, Softbank has posted its third quarterly earnings and even though the company managed to beat the expectations by a margin, it has reported a loss of $351 million in two of its biggest bets in

Softbank upgrades White Cloud SmartVPN

MUMBAI, INDIA: Telecom network operator Softbank is upgrading its networking infrastructure to deploy upgraded architecture of its White Cloud SmartVPN. With the upgrade, Softbank will offer a differentiated network service with a selection of multi-vendor networking equipment offerings to enterprise