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SoftBank mulls launch of mobile unit IPO this year

2018-01-15 08:15:00| Telecompaper Headlines

(Telecompaper) SoftBank has announced it is considering an initial public offering for its mobile phone unit. SoftBank plans to list its wireless unit in Tokyo and overseas this year and the offering could bring in about CNY 2 trillion (approximately USD 18 billion), the Nikkei reported. Listing the shares is one of the options, but no decision has been made to officially proceed with the IPO, the company said in a statement.

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