News
09 May 2024

JBIC finances SoftBank's acquisition of Cubic Telecom

In:
Telecoms and Communications
Region:
Europe

SoftBank has signed a JPY38 billion ($244.5 million) loan agreement with JBIC. The deal will be co-financed by Mizuho, SMBC, MUFG, and Sumitomo Mitsui Trust Bank, with a total co-financing amount of JPY76 billion yen ($489 million).The funds will be used by SoftBank to acquire Cubic Telecom, a...

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