je.st
news
Fears of second COVID-19 wave see SoftBank sell $12.5bn shares in telco unit
2020-08-28 02:00:00| Total Telecom industry news
As a group, SoftBank has been hit hard by the coronavirus pandemic. Many of their investments, such as into the hotel chain Oyo, have seen a dramatic loss in value during the crisis, leaving SoftBank in something of a crisis of its own. Back in March, CEO Masayoshi Son began a $41 billion programme of asset sales to help dramatically reduce its debt and buy back shares…read more on TotalTele.com » [ more ]
Tags: sell
unit
wave
shares
Category:Telecommunications