Press Releases 2024

Cubic Telecom Now a Subsidiary of SoftBank Corp.

April 26, 2024
SoftBank Corp.

SoftBank Corp. (TOKYO: 9434, “SoftBank”) today announced that Cubic Telecom Ltd. (“Cubic Telecom”), 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 (after dilution).

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. (“Honda”) 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.

Under its “Beyond Japan” strategic growth initiative, SoftBank will collaborate closely with Cubic Telecom to expand the deployment of its global connectivity platform for SDCVs and adjacent markets. SoftBank will also aim to leverage Cubic Telecom's platform to deploy various services in the future.

About Cubic Telecom

Cubic Telecom delivers advanced software-defined connected vehicle solutions in over 190 countries and regions around the world. Working with the world's leading automotive, transportation and agriculture OEMs, we connect 18.5 million cars and vehicles globally and enable 1 billion mobile internet data transmissions daily. To compete globally, OEMs must manage the complexities of connecting with different technologies while complying with regulatory mandates in different countries. Cubic Telecom cuts through this complexity through agreements with more than 90 MNOs, providing a single, global solution that enables any vehicle shipped anywhere in the world to have fully compliant built-in connectivity regardless of local market requirements.

  1. *
    Software-defined connected vehicle (SDCV) is a term that describes a vehicle whose features and functions are primarily enabled through software connected to the Internet. Cubic Telecom's connectivity platform is embedded in vehicles at the point of manufacture, enabling OEMs to leverage software-defined technologies.
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