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Tag: invest
KPN to invest EUR 35 mln in start-ups
2015-06-08 10:01:00| Telecompaper Headlines
(Telecompaper) KPN will be investing EUR 35 million in KPN Ventures, an investment fund aimed at "outside-in" innovation and designed to increase KPN's involvement in start-ups. KPN wants to accelerate network and product innovation. The company noted that both technology and customer behaviour are changing fast, making it necessary to cooperate with flexible and innovative players. KPN is developing its own Wi-Fi network, and working on machine-to-machine communication in the license-free 868 MHz frequenties. To this goal, the company launched the LoRa industrial group earlier this year.Vodafone Netherlands is also investing in start-ups, but on a more modest scale.
Azerbaijan to invest $1.2bn for upgrading two of its oil refineries
2015-06-08 01:00:00| Hydrocarbons Technology
State Oil Company of Azerbaijan (SOCAR) intends to invest $1.2bn for reconstruction and upgrade of its oil refineries named after Heydar Aliyev and Azerkimya PU.
Tags: oil
invest
azerbaijan
upgrading
SoftBank to invest USD 1 bln in e-commerce company Coupang
2015-06-03 12:28:00| Telecompaper Headlines
(Telecompaper) A subsidiary of Japanese operator Softbank will invest USD 1 billion in Korean e-commerce retailer Coupang. The investment is expected to close at the beginning of July, and will bring the total amount of funding raised by Coupang over the past year to nearly USD 1.5 billion. Coupang will use the fresh funds to boost its innovations in its fulfillment service, same-day delivery network and mobile applications. Coupang will also expand its R&D offices in Silicon Valley, Seattle, Shanghai and Seoul. Coupang reports it has reached 25 million mobile application downloads in Korea. Mobile sales currently account for over 75 percent of the company's revenue and over 85 percent of its total traffic.
Tags: company
usd
invest
ecommerce
A123 Systems to invest additional $200+ M to double Li-ion manufacturing capacity; current facilities running at full utilization
2015-06-02 09:55:34| Green Car Congress
Tags: full
additional
current
systems
GM to invest $119M for components production in Michigan
2015-06-01 15:59:22| Automakers - Topix.net
General Motors Co. plans to invest $119 million in tools and equipment to support production of future vehicle components in western Michigan.
Tags: in
production
components
michigan
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