Home › Softbank Group to raise cash by selling shares in mobile unit, bringing stake down to 40%
 

Keywords :   


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. 

Tags: to group mobile unit

Category:Telecommunications

Latest from this category

All news
11.12How to Build AI-Enabled Operations and Achieve Measurable Outcomes
04.12AI Revolution in Service Management Features Intelligent Operations and Continuous Innovation (Part 2)
01.12How Kiro AI Agents Accelerate Development from Modernization to Cloud Migration Analysis
Telecommunications »
14.12Supermarket skincare dupes could save you hundreds. But do budget beauty products work?
14.12'A nightmare' - The battle over Warner Bros is turning Hollywood upside down
13.12This Week in Agribusiness, December 13, 2025
13.12This Week in Agribusiness, December 13, 2025
13.12Whisky industry faces bleak midwinter as tariffs bite and exports stall
13.12Christmas gifts wrapped and sent out for children
13.12Why your chocolate is getting smaller, more expensive and less chocolatey
12.12Cargill recalls single lot of livestock feed product
More »