Softbank plans sale of mobile business
Written by Mark Evans
Softbank might list its mobile phone business, according to the Nikkei newspaper.The Japanese company could raise 2tr yen (USD18bn), but has described the move as an option, rather than a plan.
In a statement on its website it states: “With regard to today's Nikkei report on the listing of SoftBank Corp, a subsidiary of SoftBank Group Corp, we are always studying various capital strategy options. The listing of SoftBank Corp shares is one such option, but no decision has been made to officially proceed with this course.”
However, should the listing go ahead, it would be one of Japan's biggest IPOs, rivalling that of Nippon Telegraph and Telephone (NTT).
Softbank has made considerable technology investments especially in China and Asia, but has also made global investments, being is poised to take a share of Uber and having purchased ARM Holdings.