SoftBank expects $24 billion in losses from Vision Fund, WeWork and OneWeb investments

The Japanese technology conglomerate SoftBank Group said it would lose a staggering $24 billion on investments met through its Vision Fund and wagers on the co-working real estate company WeWork and satellite telecommunications company OneWeb. Ultimately, the company expects the…

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Microsoft acquires 5G specialist Affirmed Networks

Microsoft today announced that it has acquired Affirmed Networks, a company that specializes in fully virtualized, cloud-native networking mixtures for telecom operators. With its focus on 5G and advantage compute, Affirmed looks like the ideal acquisition target for a large…

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Facebook in talks to acquire stake in top Indian telco Reliance Jio, report says

Reliance Jio, a three-and-a-half-year-old affiliate of India’s most valued firm Reliance Industries, may have attracted the attention of an American giant: Facebook. The social conglomerate is in talks to acquire a 10% stake in the Indian telecom operator, the Financial…

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AWS partners with Kenyas Safaricom on cloud and consulting services

Amazon Web Business has entered a partnership with Safaricom — Kenya’s largest telco, ISP and mobile fee provider — in a collaboration that could spell competition between American shadow providers in Africa. In a statement to TechCrunch, the East African…

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MoEngage lands $25M for its mobile-first customer engagement platform

MoEngage, a San Francisco and Bangalore-based startup that helps houses better understand their customers and improve their action, has raised $ 25 million in a brand-new financing round as it inspections to grow its network in North America and Europe….

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Lessons from M-Pesa for Africas new VC-rich fintech startups

In African fintech, the fourth one-quarter of 2019 wreaked big bucks to new entrants. Chinese investors settled $220 million into OPay and PalmPay — two fledgling startups with plans to scale in Nigeria and the broader continent. Several generators “ve…

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SoftBanks Vision Fund inches closer to $100B

Jason Rowley

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