Softbank Group mulls hiving off and listing wireless business
The move is aimed at giving the unit more autonomy and helping investors with valuing the business and its parent
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Tokyo
SOFTBANK Group Corp said on Monday that it was considering listing its Japanese wireless business to raise a reported US$18 billion in a move that would accelerate the conglomerate's transformation into one of the world's biggest tech investors.
A spin-off - potentially the biggest initial public offering (IPO) by a Japanese company in nearly two decades - would also give the unit more autonomy and help investors with valuing the business and its parent.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
