a-week-in-tech-august-48

A week in tech, August 4-8

A round-up of all the latest tech news.
Japan

Internet
ò MoodyÆs Investors Service announced it is upgrading Softbank, as it pointed to the internet firmÆs acquisition of VodafoneÆs Japanese unit as a factor that should boost its competitiveness. In the announcement, the risk evaluator upgraded SoftbankÆs long-term debt rating and issuer rating to Ba2 from Ba3, with a stable outlook. Softbank completed a deal in April to buy Vodafone Japan for $15 billion. Softbank also owns Yahoo Japan. The company said it plans to rename the entity Softbank Mobile and remove the name of the British firm, which faced problems when it entered the Japanese market. Moody said the move will add diversification in the Japanese telecommunication market. Softbank said it...
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