SoftBank telecoms listing preparations already underway

7 Feb 2018

Reuters reports SoftBank Group Corp as saying today (7 February) it has kicked off preparations to list shares of its core Japanese telecoms unit, SoftBank Corp, as the parent group looks to accelerate its global investments under its ambitious ‘Vision Fund’. If completed, the telecoms arm will remain a consolidated unit even after listing, SoftBank confirmed in a statement. The Group’s domestic telecoms unit is crucial to its business: it contributes a third of total consolidated revenues and two-thirds of its profit.

Japan, SoftBank Group Corp