Softbank Considers Telecom Spin-Off

Softbank is considering spinning out its telecom assets in a USD 18 bn IPO raise according to the Nikkei newspaper without citing sources.  The Softbank Group (9984 JP) would be selling up to 30% of Softbank Corp, its telecommunications arm in the IPO.  This would leave Softbank Group to focus on its technology investments, leaving it as the largest publicly listed technology investment vehicle.

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Reuters