Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
NEC Corporation has provided SoftBank Corp. (SoftBank) with an Internet of Things (IoT) and Machine to Machine Communications (M2M) service platform, “CONNEXIVE,” enabling SoftBank to launch its “IoT Cloud Service on CONNEXIVE (ICC).”
SoftBank began providing ICC in Japan in May 2016 in order to enable companies to quickly start IoT services through a one-stop solution that covers key components, such as IoT gateways and IoT applications, required for gathering and visualizing sensor data or issuing alert notifications.
“We are delighted to have contributed to SoftBank’s IoT cloud service,” said Masaaki Nakano, General Manager, Carrier Services Division, NEC Corporation. “CONNEXIVE provides all of the necessary basic functions for IoT, enabling operators to provide IoT services to their enterprise customers efficiently and effectively. NEC will continue to support SoftBank both from a business and technical perspective to expand and enhance their IoT capabilities.” Read more