0
General

SoftBank CEO pledges USD 50 bln investment after Trump meet

Wednesday 7 December 2016 | 09:14 CET | News
SoftBank CEO Masayoshi Son has pledged to invest USD 50 billion in the US and create 50,000 American jobs in the next four years, after a 45-minute meeting with US President-elect Donald Trump, the Nikkei Asian Review reports. SoftBank, which already owns US mobile operator Sprint, will invest in startups, especially IT companies, Son told reporters in the lobby of the Trump Tower in Manhattan, voicing expectations that the US economy will grow and expand business opportunities under the incoming president. The planned investment will come through a fund SoftBank plans to establish at a

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Softbank / Sprint
Countries: United States
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

SoftBank starts US telecom infrastructure JV with LendLease

Published 18 Oct 2017 12:02 CET | United States
SoftBank is establishing a joint venture with Lendlease Group to develop and own telecom infrastructure assets in the US, where ...

Trump says Apple to build 3 factories in US

Published 26 Jul 2017 10:39 CET | United States
US President Donald Trump has claimed that Apple plans to build three factories in the US. In an interview with the Wall Street ...

Softbank's 9-month profit jumps nearly 77%

Published 08 Feb 2017 11:17 CET | Japan
Japanese communications provider Softbank saw its net sales reach JPY 6.58 trillion for the nine months ended 31 December 2016, ...

Qualcomm to join Softbank US investment fund - report

Published 04 Jan 2017 09:49 CET | United States
Qualcomm plans to invest in the new US investment fund being set up by Japan's Softbank, people familiar with the matter told the ...

Sprint to create or bring back to America 5,000 jobs

Published 29 Dec 2016 08:42 CET | United States
Sprint announced a commitment to create or bring back to America 5,000 jobs. The company anticipates these jobs will support a ...

Apple to invest in Softbank US fund - report

Published 13 Dec 2016 09:05 CET | United States
Apple has held talks about investing in a USD 100 billion fund being set up by Japan's Softbank to invest in US tech companies. ...





Calendar   /   Industry Events

04 May 6G Symposium
05 May Dell Technologies World
06 May Teleste Q1 2021
06 May Gogo Q1 2021
06 May TDC Q1 2021
06 May Ice Group Q1 2021
06 May Freenet Q1 2021
06 May RTL Group Q1 2021
06 May Pexip Q1 2021
06 May Avaya fiscal Q2
06 May Roku Q1 2021
06 May Vonage Q1 2021
06 May Cable One Q1 2021
06 May Motorola Solutions Q1 2021
06 May EchoStar Q1
06 May Globalstar Q1
06 May IAC Q1 2021
06 May Uniti Q1 2021
06 May PCTEL Q1 2021
07 May Cellnex Q1 2021
07 May TDS, US Cellular Q1
07 May Telus International Q1 2021
10 May Boingo Wireless Q1 2021
10 May Ceva Q1 2021
10 May Weibo Q1 2021
10 May 8x8 fiscal Q4 results
10 May NortonLifeLock fiscal Q4, investors day
10 May Synchronoss Q1
11 May Magyar Telekom Q1 2021
11 May Radcom Q1 2021
::: More Calendar Items