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General

SoftBank focus shifts to USD 100 bln tech fund

Thursday 11 May 2017 | 07:34 CET | News
SoftBank Group CEO Masayoshi Son plans to shift his focus from turning around US mobile unit Sprint to running a USD 100 billion tech investment fund, The Wall Street Journal reports. According to Son, cost cuts have reduced losses at Sprint, and with operating profit on the rise, more of the day-to-day operations will be handed over to Sprint CEO Marcelo Claure. Son also said he wants to get involved personally in the planned talks with T-Mobile US on industry consolidation. The investment fund is nearly ready for its official launch, Son also said. According to an unnamed person involved in

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Categories: General
Companies: Intelsat / Softbank / Sprint / T-Mobile US
Countries: Japan / United States / World
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