Samsung Bets Big on Network Gear as Huawei Battles Security Fears

Anindita Ghosh

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Samsung Bets Big on Network Gear as Huawei Battles Security Fears

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Samsung Electronics is pouring resources into its telecom network equipment business, aiming to capitalise on the security fears hobbling China’s Huawei, according to company officials and other industry executives. Those efforts include moving high-performing managers and numerous employees to the network division from its handset unit, two Samsung sources said. Potential customers are taking notice
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SoftBank Reports Rise in Operating Profit on Rising Valuations of Its Investments

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Japan’s SoftBank Group Corp announced a $5.5 billion (roughly Rs. 3,900 crores) share buyback on Wednesday as it reported a 60 percent rise in quarterly operating profit buoyed by rising valuations for its technology investments. SoftBank Group said it would repurchase 112 million shares worth JPY 600 billion ($5.5 billion) in the next 11 months, or
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Go-Jek makes first close of Series F round at $9.5B valuation

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Go-Jek,  the Indonesia-based ride-hailing company that is challenging Grab in Southeast Asia, has announced the first close of its Series F round, as TechCrunch reported last week. The company isn’t revealing numbers. Sources told us last week that it has closed around $920 million, but we understand that today that the round is at over $1 billion. Go-Jek is
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