SoftBank Subsidiary Invests in Google-Backed Loon

Posted on 04/25/2019


A subsidiary of Japan-based SoftBank Group Corporation called HAPSMobile invested US$ 125 million for a minority stake in Loon, a subsidiary of Alphabet Inc (the owner of Google). Loon is working on flying cellphone antennas in the atmosphere to provide internet to rural or hard-to-reach areas. In addition, Loon has an option to invest US$ […]

Get News Stories Delivered to Your Inbox