BlackBerry has announced a dramatic improvement in its fiscal second-quarter results, narrowing its losses and boosting its revenue, which has led the company to raise its full-year financial outlook. The Waterloo, Ontario-based cybersecurity and IoT company reported a net loss of $19 million for the three months ending August 31, down significantly from the $42 […]
SoftBank Corp. and Cubic Telecom, a global leader in software-defined connected vehicle solutions, announced a definitive agreement wherein SoftBank will invest approximately 473 million EUR for a 51% stake in Cubic Telecom. This investment values Cubic Telecom at over 900 million EUR and establishes a strategic global partnership to innovate in connected vehicles and high-value […]
Avanci, a provider of joint licensing solutions for connectivity technologies, announced that BMW Group, a global powerhouse in premium automobile manufacturing, has inked a deal for an Avanci 5G Vehicle license. This partnership expands the 5G capabilities across BMW’s illustrious brands: BMW, MINI, and Rolls-Royce. Avanci’s 5G Vehicle Program Leads in Cellular Connectivity BMW Group […]
Wejo Limited, a Manchester-based connected vehicle data provider, will merge with Virtuoso Acquisition Corp., a US-based special purpose acquisition company, in a deal that values the former at $800 million. The pro forma equity value of the British auto data startup is estimated at $1.1 billion. Upon closing of the deal, the combined firm will […]