Also in today's EMEA regional roundup: big guns take aim at 5G; Sky prepares for IPv6; Facebook reshuffles in Europe; EE gets Cat 9 ready.
The statement comes shortly after SoftBank secured regulatory clearance for the deal but amid some British concern about the loss of ARM's independence. Despite insisting there will be no change in direction, SoftBank evidently believes ARM's processor designs could be used in a multitude of connected devices, and not just the smartphones they power today, having paid about 25 times ARM's annual sales for the business. SoftBank has also appointed Ren Tanaka as the general manager of a just-created department called "New Business Promotion," indicating one of his main jobs will be to "promote new business development" at ARM. (See SoftBank's Tanaka to Take ARM by Hand, Not Boss It.)
— Paul Rainford, Assistant Editor, Europe, Light Reading