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Cellphone plans get up to 40% costlier in India

Cellphone plans get up to 40% costlier in India India has long been a wonderland for cellphone users. At a time when most telecom operators across the globe charge anywhere between $5 to $10 for a gigabyte of mobile data, telcos in India deliver that for just a few cents. Spare another […]

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India to spend $6 billion to revive telecom operators BSNL and MTNL

India to spend billion to revive telecom operators BSNL and MTNL India said on Wednesday it plans to spend nearly $6 billion to revive loss-making state-funded telecom operators Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL). In a press conference, telecom minister Ravi Shankar Prasad said today the Narendra […]

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WeWork confirms an up to $8 billion lifeline from SoftBank Group; names new executive chairman

WeWork confirms an up to billion lifeline from SoftBank Group; names new executive chairman Confirming earlier reports, The We Company and SoftBank Group agreed to a new capital infusion which will see SoftBank committing $5 billion in new financing and issuing a tender offer for another $3 billion in buybacks for shareholders. […]

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SoftBank reportedly preps a package to take control of WeWork parent company

SoftBank reportedly preps a package to take control of WeWork parent company SoftBank Group, the multi-billion dollar Japanese technology conglomerate and investment firm, has put together a  bid that would save WeWork parent company We Co., just weeks before the co-working real estate company’s imminent collapse, The Wall Street Journal reports. With […]

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Spirable refuels with $7.4M to serve more personalized video ads in the US

Spirable refuels with .4M to serve more personalized video ads in the US London based adtech startup Spirable has closed a £6M Series A. The round was led by Smedvig Capital, with existing backers Frontline Ventures, Downing Ventures and 24 Haymarket also participating. The startup is one of several playing in the […]

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We Company reportedly mulls slashing its valuation ahead of its initial public offering

We Company reportedly mulls slashing its valuation ahead of its initial public offering The Wall Street Journal is reporting that the company formerly known as WeWork is considering slashing its valuation as it looks to woo public market investors. The company is reportedly considering a valuation of somewhere in the $20 billion range […]

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SoftBank reportedly plans to lend employees as much as $20 billion to invest in its VC fund

SoftBank reportedly plans to lend employees as much as billion to invest in its VC fund SoftBank has a plant to loan up to $20 billion to its employees, including CEO Masayoshi Son, for the purposes of having that capital re-invested in SoftBank’s own Vision venture fund, according to a new report […]

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SoftBank pumps $2B into Indonesia through new Grab investment, putting it head to head with Gojek

SoftBank pumps B into Indonesia through new Grab investment, putting it head to head with Gojek Grab — the on-demand transportation app that is the Uber of Southeast Asia — today announced yet another investment on top of the $7 billion that it has raised to date. SoftBank is putting another $2 billion […]

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Startups Weekly: SoftBank’s second act

Startups Weekly: SoftBank’s second act Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I noted some challenges plaguing mental health tech startups. Before that, I wrote […]

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UK to toughen telecoms security controls to shrink 5G risks

UK to toughen telecoms security controls to shrink 5G risks Amid ongoing concerns about security risks posed by the involvement of Chinese tech giant Huawei in 5G supply, the UK government has published a review of the telecoms supply chain which concludes that policy and regulation in enforcing network security needs to […]

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