SoftBank Group Corp said on Wednesday it plans to borrow up to 500 billion yen ($4.5 billion) from 16 domestic and foreign financial institutions using almost a third of its stake in telco SoftBank Corp as collateral.
Vodafone and Telekom Italia have offered to allow rivals access to sites in some cities for up to nine years, a proposal aimed at allaying EU antitrust concerns over the creation of Italy’s largest mobile tower company, according to an EU document seen by Reuters.
The merger between T-Mobile US and Sprint is within reach, the head of T-Mobile's main owner Deutsche Telekom said on Wednesday, vowing to go on the offensive to close a valuation gap with U.S. market leaders AT&T and Verizon.
Uber Technologies Inc is closing its office in downtown Los Angeles, where the ride-hailing company employs customer support staff, to focus on its bigger locations.
While coronavirus fears curtail much of China's bustle, traders are getting back to business at the world's largest electronics market, buying and selling from bags and suitcases on the streets outside their shut premises.
Shares in Embracer soared on Wednesday after the Swedish video game group said it was buying U.S. game developer Saber Interactive for up to $525 million and reported a sharp rise in quarterly core earnings.
Russia's central bank last year recorded an increase in online theft that saw 6.4 billion roubles ($100.37 million) stolen from private and corporate bank accounts, a bank report published on Wednesday showed.
South Korea's stock exchange said on Wednesday that it would decide in June whether the weighting of Samsung Electronics in the KOSPI 200 index should be capped.
A federal judge in Texas on Tuesday rejected Chinese telecommunications equipment maker Huawei Technologies Co Ltd's constitutional challenge to a U.S. law that restricted its ability to do business with federal agencies and their contractors.
South Korea's ride-hailing service Tada, a smash hit since its launch just over a year ago, was cleared of transport law violations in court on Wednesday, a rare victory in a market that has been particularly unkind to ride-hailing companies.