WELCOME CHANGE: SoftBank Corp, Japan's No 3 mobile carrier, will cut its smartphone charges in Japan with a flat rate for unlimited voice calling and cheaper data plans. — Reuters
TOKYO: SoftBank Group Corp said it was considering listing its Japanese wireless business, seeking to raise a reported US$18bil in a move that would accelerate the conglomerate’s transformation into one of the world’s biggest tech investors.
A spin-off – potentially the biggest IPO by a Japanese company in nearly two decades – would also give the unit more autonomy as well as help investors with valuing the business and its parent.
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