Fears of second COVID-19 wave see SoftBank sell $12.5bn shares in telco unit
by Harry Baldock, Total Telecom
Friday 28 August 20
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The group’s push to raise money to pay off debt and buy back shares has been relentless in recent months, but it seems the process is far from over
As a group, SoftBank has been hit hard by the coronavirus pandemic. Many of their investments, such as into the hotel chain Oyo, have seen a dramatic loss in value during the crisis, leaving SoftBank in something of a crisis of its own.
Back in March, CEO Masayoshi Son began a $41 billion programme of asset sales to help dramatically reduce its debt and buy back shares…
As a group, SoftBank has been hit hard by the coronavirus pandemic. Many of their investments, such as into the hotel chain Oyo, have seen a dramatic loss in value during the crisis, leaving SoftBank in something of a crisis of its own.
Back in March, CEO Masayoshi Son began a $41 billion programme of asset sales to help dramatically reduce its debt and buy back shares…
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