SoftBank Group Corp’s Vision Fund invests $800M in Greensill Capital

SoftBank Group Corp’s Vision Fund valued UK-based Greensill Capital at $3.5 billion. Greensill Capital, a UK-based financing group, has confirmed that SoftBank Group Corp’s Vision Fund has invested $800 million in it. Greensill, which provides supply chain funding to companies, said it plans to use the funding in part to accelerate its expansion into Brazil…

Tesla signs preliminary battery sourcing agreement with China’s Tianjin Lishen

Tesla is placing its supply chain in order as it gears up for production at its Shanghai Gigafactory. According to two sources with direct knowledge of the matter at hand, Tesla Inc has signed a preliminary agreement with Tianjin Lishen for supplying batteries for its Shanghai Gigafactory, as it plans to expand its battery sourcing…

Germany’s biggest network operators file lawsuit against Federal Network Agency over 5G auction

Germany’s biggest network operators, including Deutsche Telekom, Telefonica Deutschland and Vodafone have sued the market regulator for placing new preconditions in the country’s 5G auctions which are to take place in early 2019. As per a report by German newspaper Die Welt, Deutsche Telekom has filed a lawsuit against Federal Network Agency for setting preconditions…