0
Wireless

Line to put proceeds from JPY 148 bln bond issue into Line Pay, AI

Tuesday 4 September 2018 | 12:22 CET | News

FREE webinar by Telecompaper on the Trends and Developments in the Dutch Telecoms market 2019Q2. Thursday 26th September at 15:00. Register now!

Line said it will be issuing zero coupon convertible bonds due 2023 and 2025, in order to raise respectively JPY 100 billion and JPY 48 billion. The proceeds will go toward developing Line Pay and the company's artificial intelligence (AI) capabilities. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Line
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Line promotes Jungho Shin to co-CEO

Published 28 Mar 2019 09:15 CET | Japan
Line has promoted Jungho Shin to the new position of co-CEO and chief Wow officer, alongside CEO Takeshi Idezawa. Shin will focus ...

Line Games raises KRW 125 bln in share sale to Lungo Entertainment

Published 31 Oct 2018 16:24 CET | Asia
Line Games, a subsidiary of mobile messaging provider Line specializing in the games business, has raised KRW 125 billion through ...

Line highlights uncertainty in mobile apps market amid mixed 9-mth results

Published 24 Oct 2018 13:59 CET | Asia
Mobile messaging provider Line posted revenues for the first nine months of the year up almost 25 percent from the year before to ...

Line launches Clova Auto, connects Toyota cars with Clova AI assistant

Published 28 Jun 2018 15:30 CET | Japan
Line announces that Line's AI assistant Clova will be available for use in new Toyota automobiles adopting Smart Device Link ...

Line quarterly revenue grows 25%, turns to net loss

Published 25 Apr 2018 11:30 CET | Asia
Mobile messaging provider Line saw its revenue for the first three months of 2018 grow by 25.2 percent from the year before to ...

Line creates Line Financial company

Published 31 Jan 2018 15:26 CET | World
Line moved into crypto-currency territory by creating a new company, Line Financial Corporation. The company is a follow-up to ...

Line Pay m-wallet platform hits 10 mln monthly transactions milestone

Published 23 Nov 2017 12:13 CET | Asia
Line has announced that the Line Pay smartphone wallet service for the Line platform has reached 10 million global transactions ...