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Softbank Group to raise cash by selling shares in mobile unit, bringing stake down to 40%
2020-08-28 17:06:00| Telecompaper Headlines
(Telecompaper) As of 3 August, Softbank Group said it has sold or monetised JPY 4.3 trillion (almost USD 41 billion) worth of assets, as part of a programme announced in March to buy back shares and reduce debt for a total of JPY 4.5 trillion (almost USD 43 billion). Softbank Group said it will offer part of its holding in Softbank (mobile), for a total of 927.5 million shares. There will also be a greenshoe of 100.5 million more shares. The offer price will be determined on the pricing day.
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 »
Arm drops plan to spin off IoT operations to parent SoftBank
2020-08-25 11:49:00| Telecompaper Headlines
(Telecompaper) UK-based mobile chip company Arm has abandoned plans to spin off two IoT businesses to parent SoftBank, reports the Wall Street Journal.
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SoftBank gets US Clean Network seal of approval
2020-08-20 02:00:00| Total Telecom industry news
Earlier this month, the US State Department launched its Clean Network programme, a five-pronged security protocol seeking to vet networks across five categories: the cloud, mobile, carrier, apps, and cable…read more on TotalTele.com »
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SoftBank potentially selling Arm but whos buying?
2020-07-16 02:00:00| Total Telecom industry news
It is no secret that SoftBank was hit heavily by the coronavirus pandemic. With a great deal of investment in hotel and travel companies, not to mention the more typical disruption to its other interests, SoftBank found its financial situation slipping, with share prices plunging. …read more on TotalTele.com »
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