On April 26, SoftBank Corp., Japan announced that Cubic Telecom Ltd., a leading global provider of software-defined connected vehicle (SDCV) solutions headquartered in Dublin, became a subsidiary on March 6, 2024, with its acquisition of a 51.0% equity stake.
In conjunction with Cubic Telecom becoming a subsidiary, SoftBank launched new collaborative initiatives, including sales cooperation to expand the sales of Cubic Telecom's global connectivity platform mainly in the Asia-Pacific (APAC) region, and developing new services.
As part of these initiatives, SoftBank recently reached an agreement with Honda Motor Co., Ltd. whereby Honda will consider introducing Cubic Telecom's connectivity platform sold by SoftBank to Honda vehicles in approximately 70 countries and regions worldwide, excluding North America and China. SoftBank and Honda will further explore implementing Cubic Telecom's connectivity platform going forward.