Amazon and Facebook involved in US-Japan cable scheme

Amazon and Facebook are part of a powerful consortium building a new underwater cable that will connect America, Japan the Philippines and help deliver live and Ultra HD video. The high-capacity Jupiter Cable system will follow a new transpacific route and is scheduled to be service-ready by early 2020 – timing that will likely see […]

Intelsat-OneWeb deal collapses over failed debt swap

Intelsat said it expects its planned Softbank-backed merger with affordable internet provider, OneWeb, to now be terminated after failing to agree a debt exchange agreement. The satellite operator said that its offer to swap outstanding senior unsecured notes had not been accepted and that the minimum tender conditions for the offer had not been satisfied. […]

VR firm Improbable raises US$502 million

London-based virtual reality (VR) technology company, Improbable, has raised US$502m in a Series B funding round led by SoftBank. Improbable said it will invest the cash in developing its technology – including its SpatialOS distributed operating system. It also plans to up recruitment at its London and San Francisco offices. Improbable uses cloud computing to […]

Intelsat to merge with OneWeb in major SoftBank-backed deal

Satellite operator Intelsat has agreed to merge with affordable internet provider OneWeb, in a deal backed by a large investment from Japan’s SoftBank Group. Intelsat and OneWeb will merge in a share-for-share transaction, with Intelsat also agreeing a share-purchase agreement with OneWeb investor SoftBank. SoftBank will invest US$1.7 billion in newly issued common and preferred shares […]

Warner Bros. buys DramaFever SVOD service

Warner Bros. has acquired DramaFever, the US-based SVO service that specialises in South Korean TV and movie content. It is the second ownership change for DramaFever in recent times, after SoftBank bought it in late 2014 for US$100 million. The Japanese telco has now offloaded the SVOD service to Warner Bros. for an undisclosed. DramaFever […]

Netflix to sell Japanese service through Softbank

Subscriptions to streaming service Netflix will be sold through telecommunications firm SoftBank when it launches in Japan on September 2. A deal with the mobile phone provider will allow customers to purchase Netflix subscriptions through SoftBank shops, major electronics outlets, the SoftBank website and call centres. Additionally, SoftBank will begin pre-installing Netflix on its smartphone […]

SoftBank launches OTT service

Japanese internet giant SoftBank has launched an OTT pay service for Japan’s smartphone and tablet owners. BBTV Next went live today offering subscribers the choice of three channels, including nets from Disney and BBC World News, out of a line-up of 12 for ¥1,058 (€7.26) a month. SoftBank subsidiary TV Bank is operating the service, […]

SoftBank buys Korean drama VoD site DramaFever

Japanese telco SoftBank has agreed to buy US-based DramaFever, a streaming site that offers on-demand access to Asian and Latino drama.  Founded in 2009, DramaFever initially focused on offering Korean dramas with English subtitles, later branching out into telenovelas. The site now claims to offer series and films from 70 major broadcasters and studios throughout […]

Dish makes US$25.5bn Sprint bid

US satellite TV service provider Dish Network has made a US$25.5 billion (€19.5 billion) bid for US wireless carrier Sprint Nextel.  The firm said that its proposed merger with Sprint would produce a combined company that is “better positioned for the future with more spectrum, products, subscribers, financial scale and new opportunities.” The offer rivals […]