SoftBank seeks to assuage investors on mobile outage before IPO

Tokyo

SOFTBANK Group Corp and its bankers held emergency conference calls with institutional investors to address any concerns they might have had after the carrier's mobile service went down days before a 2.65 trillion yen (S$32.2 billion) initial public offering.

Three conference calls were hosted at separate times and regions on Friday by Nomura Holdings Inc, Mizuho Financial Group Inc and Goldman Sachs Group Inc, according to a document obtained by Bloomberg. SoftBank chief technology officer Junichi Miyakawa and chief financial officer Kazuhiko Fujihara joined the calls. SoftBank shares fell as much as 3.3 per cent in afternoon trading in Tokyo.