 "SoftBank's domestic telecom chief Ken Miyauchi replaces Nikesh Arora as President, COO")
The board of SoftBank Group (SBG) Corp, which met earlier today, announced the selection of Ken Miyauchi as Representative director, president & COO of SBG after Nikesh Arora abruptly decided to put in his papers on Tuesday.
Ken Miyauchi was the head of the group’s Japanese telecommunications operations.
Masayoshi Son remains as Chairman & CEO, and will keep leading SBG and the Group in various aspects, the company said in a media release.
In India, Softbank has invested in Ola, Snapdeal, Oyo Rooms, Housing.com, among others.
In 2014, Softbank invested $210 million in Ola along with existing shareholders, $627 million in Snapdeal and $90 million in Housing.com along with existing shareholders such as Falcon Edge. In 2015, the company invested $120 million in Grofers, $100 million in Oyo Room along with other investors.
When Son was in India in January, he announced that he had invested $2 billion in Indian firms and planned to invest $10 billion in the coming year.
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