Softbank Corp considers investments in India, Southeast Asia

19 Nov 2009

Japan’s third largest telecoms group by revenues, Softbank Corp, is reportedly considering possible investments in software and/or mobile phone content specialists based in India and Southeast Asia, Bloomberg quotes its CEO Masayoshi Son as saying. ‘We just partner … we invest 20%, 30% … We’d like to bring social games and others into Japan,’ Son said at a briefing at the Mobile Asia Congress industry conference in Hong Kong. Softbank Corp already owns equity stakes in China’s Alibaba.com and Yahoo Inc in the US, and spent about JPY13.7 billion (USD154 million) in 24 companies in Asia in the year ended 31 March, it said on its web site. In the same period, the Japanese carrier also invested JPY35.5 billion in ventures in its home market.

Japan, SoftBank Group Corp